The creation of trusts is a useful means of holding shares in a family business and of minimising tax obligations.
Our trust lawyers can advise on the creation of new trusts and can give clear advice on the inheritance tax, income tax and capital gains tax implications of doing so. Once a trust has been created, certain compliance issues need to be observed and we can guide you through the management of the trusts.
Where appropriate we can also assist in amending the terms of an existing trust, whether it is to change the trustees, pass trust assets to beneficiaries or even terminate the trust completely. Our team deals with the general administration and taxation of trusts for individuals, families and charities.