Trusts have historically provided tax efficient ways to set aside assets for future beneficiaries.
Whilst over recent years the tax benefits have been eroded, they are still considered to be useful for the following:
- 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.
Volans, Leach & Schofield can advise on the most suitable type of trust for your purposes, set up trusts, and provide a full range of accounting services for trusts.
Call us today for more information.