Trusts can be a flexible solution to wealth management or wealth preservation. They can hold all types of assets including cash, shares and land.
Our experienced team advises on all aspects of trusts including creation, use, variation and termination.
Our trusts range from small trusts, perhaps to benefit disabled children, to large trusts to protect family wealth. Our clients are UK and non-UK resident and include private individuals, corporates and international families.
We advise those creating a trust (‘settlor’), individuals responsible for managing the trust (‘trustees’) and those who can benefit from the trust (‘beneficiaries’). We ensure the trust is compliant with the ever-increasing amount of regulation, appropriate taxes are paid at the right time and payments to beneficiaries are made subject to the terms of the trust.
After taking the time to understand your goal, it may be that a more appropriate solution is an alternative structure, such as a family investment company. This is a long-term tax-efficient vehicle that enables an individual to pass assets out of their estate for inheritance tax (IHT) purposes while retaining control and protecting them.
How can Greenwoods GRM help?
The Private Client Team at Greenwoods GRM will be able to advise you as to whether a trust is suitable for your circumstances and will explain fully all of the options available to you. We are experienced in working in the role of a professional trustee or working behind the scenes advising the trustees as and when necessary.
To help your initial thinking here is some summary information about types of trust, establishing trusts and administering them.
- Trusts – the basics
- Types of trust
- Bare trust
- Disabled persons trust
- Discretionary trust
- Life interest trust
- Personal injury trusts
- Trustee duties and responsibilities
Call our Wealth Preservation enquiry line on +44 (0)203 691 2080 and we will put you in touch with a lawyer who can help.
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