Trusts
Our experienced team advises on all aspects of the set up, management and termination of trusts. Trusts are a popular arrangement whereby assets are legally owned and controlled by trustees for the benefit of others.
Trusts may be created during a person’s lifetime for a variety of reasons, for example to use tax reliefs and exemptions, to safeguard assets, to preserve assets for future generations, to protect vulnerable beneficiaries and to benefit charities. Trusts will also be created on death under a Will or an intestacy, and special types of trust can arise by operation of law.
Royds’ trusts services include:
- Determination of the correct structure for your circumstances
- Annual trust administration and provision of trust accounts showing income and capital
- Preparation of trust tax returns for income tax, capital gains tax and inheritance tax
- Advice as to income and capital distributions
- Deeds of retirement & appointment of trustees
- Provision of professional trustees
- Trustee resolutions, powers and duties
- Review of trust performance
- Analysis of trust terms, variation of trusts, restructuring of trusts
- Landed estates and strict settlements including historic houses and heritage property
- Charitable trusts
- Contentious trust issues
- Offshore Trusts
For further information, please contact Tony Millson and Deanna Hurst
