Trust management

The successful use of trusts requires effective management. Our specialist team looks after the administration, accounting and taxation aspects of running a trust.

In addition to advice on trust creation, we can provide a trust management support service to the trustees of pre-existing and newly established trusts. This includes: 

• advising on a trustee's duties and powers and the requirements of the Trustee Act 2000
• assisting with the choice and monitoring of an investment adviser
• preparing trust accounts and financial statements
• managing the trust's tax affairs and preparing the annual tax return
• calculating and paying tax liabilities
• advising on tax savings for trustees and tax implications for beneficiaries
• advising on tax changes including improving the income tax treatment of discretionary trusts
• arranging the collection of income, asset sales and purchases, cash movements and other transactions
• making distributions of income and capital and preparing relevant deeds and trustee resolutions
• preparing Inheritance Tax accounts for periodic and exit charges
• advising on the ownership and occupation of residential property
• retiring and appointing trustees
• winding up the trust.

For further information please contact one of the team.