Swadlincote Office

The Old Police Station
Church Street
Swadlincote, Derbyshire
DE11 8LN

01283 217256

Burton Office

128A New Street
Burton on Trent
Staffordshire
DE14 3QW

01283 565121

Opening hours 9 am to 5 pm Monday to Friday
 

Registered to carry on audit work by the Institute of Chartered Accountants in England & Wales

 

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Trusts and Executorships

 

Trusts could be extremely useful instruments for tax planning purposes. They may be particularly useful for holding shares in private companies as part of a family financial or tax plan - especially if you want to reduce inheritance tax liability in your estate.

They may also be useful for:

 

  • Providing funds for your children's education, maintenance, etc.
  • Restricting access to property by future beneficiaries
  • Providing for people who are mentally or otherwise incapacitated
  • Gifting to charity

There are four main types of trust:

  • Life interest trusts
  • Discretionary trusts
  • Accumulation and maintenance trusts
  • Bare trusts

Each type of trust receives different tax treatment and could be adapted to many different purposes.

To take full advantage of trusts in your tax and estate planning we suggest you seek expert help and advice.

We could help you determine which types of trust are suited to your purposes, prepare the necessary documentation, and advise on appropriate trustees.

Call 01283 217256 today to discuss how you can take advantage of this extremely useful tax planning tool.