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Trusts have been used for centuries to pass wealth between generations and enable people to manage how their loved ones can benefit from that wealth – both whilst they are alive and after death. However, dealing with the tax matters surrounding the creation and administration of trusts can be complex, so it is worth getting advice from experts in this area.
If you have a trust or are thinking about creating one, RJP can help you. We have advised many clients on trust tax and inheritance tax related matters and can advise you on whether a trust is right for your circumstances. Give us a call.
Do you have assets and wealth that you want to leave to your loved ones, but also want to retain some control over? Do you have concerns that your wealth may not end up in the hands of your immediate family? If so, a trust might be the answer and will give you peace of mind.
Using a trust isn’t just for ‘rich people’. Circumstances can change and relationships can become complicated. Establishing a trust enables you to ensure that the wealth you have built up in your lifetime – probably the result of years of hard work – will be used in the way you intended, to benefit the people you intended it for.
Trusts aren’t just about minimising tax – they are a way to retain control over how your estate is distributed. Although in some cases trusts can be tax efficient, they can also be costly to administer. It is important to get the right advice because dealing with the tax implications of trusts and estates is complex. RJP can help you make the right choice to address your personal and family needs, whilst maximising potential tax planning benefits.
Our knowledge of the tax legislation surrounding trusts and estates is wide ranging and we are able to advise on situations where a trust may prove beneficial, including assistance in establishing and running a trust, and dealing with all compliance requirements.
We are also able to deal with the tax complexities surrounding estates and inheritance tax planning, including accounting and tax requirements, through to grant of probate and dealing with estate distribution cost effectively.
Trusts don’t have to be complicated if you ask an expert.
Get in touch for a confidential discussion.
I just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office.
I Evans, CFO, MoblicitiJust a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks.
J Stanfield, Chairman, BBS Actuaries LtdI would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone.
M Goldsmith, Private Client
Company directors take note. The deadline for filing share transfer and benefits in kind (P11D) paperwork is fast approaching. Ensure your forms are with HMRC by no later than 6th July 2021.