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By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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  • Overview

    The trust was valued at £500,000, comprising freehold property, cash and a managed investment portfolio. The trustees were two siblings and the beneficiaries were their families. The siblings had decided to split the assets: one would continue with a trust for his family while the other sought distributions for himself, his wife and his children. Each wanted different types of asset. Stuart Goodbody and his team were responsible for administering the tax affairs of the trust and monitoring investments. They obtained valuations of all trust assets and instituted a thorough review of the tax implications of different ways of splitting the trust. Stuart manages around a 100 trusts on behalf of clients so his expertise was crucial to this review. This enabled the trustees to reach an agreement on the division of assets which balanced fairness and tax efficiency. Stuart subsequently handled implementation of the plan, including drawing up the necessary documentation.

  • Related Services

    Wills & succession

    A will is an essential part of your personal financial planning.  

    Trust creation

    Creating a trust can have significant tax and other advantages. We advise on the Inheritance Tax and Capital Gains Tax implications of setting up a trust, and assist trustees with trust management.  

    Trust management

    The successful use of trusts requires effective management.

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

Newsletter Sign Up

General Private Client UpdatesGeneral Commercial UpdatesConstruction UpdatesCourt of Protection UpdatesAgriculture & Rural Affairs UpdatesCommercial Property UpdatesEmployment UpdatesDispute Resolution UpdatesCorporate & Commercial UpdatesCharities & Not for Profit UpdatesFood & Drink UpdatesEducation UpdatesTransport & Logistics UpdatesFamily Business & Owner Managed Businesses Updates

I agree to be ‘opted in’ to receive Thomson Snell & Passmore newsletters, event invitations and other publications that are related to the subject matter of this event or my industry sector. I understand that this means they will send me these communications by email

I agree

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Jargon Buster