Trusts
As your life changes over time, it’s important to ensure that your financial objectives continue to meet your needs. The structures into which you transfer your assets will have lasting consequences for you and your family. Succession planning via Trusts enables a smooth transition to the next generation, and it also enables you to minimise potential tax liabilities.
What are the advantages of setting up a Trust?
Generally, trusts are set up for tax planning or asset preservation purposes. Trusts give Capital Gains Tax and Inheritance Tax advantages, but the rules are inevitably complicated.
Trustees are also taxed in their own right, therefore they will need to complete annual Tax Returns and ensure that the rules are fully complied with.
A trust is a legal arrangement
Effective estate planning is about getting the right balance between maintaining access to your money when you need it and saving tax. This is because, in general, the more tax-efficient a solution is, the less access you have to your assets.
Safeguarding your own financial future is very important, and giving too much away could put this at risk.
WE ARE BASED IN HAMPSHIRE AND FOR OVER 40 YEARS OUR NUMBER ONE PRIORITY HAS BEEN, AND CONTINUES TO BE, TO ENSURE THAT OUR CLIENTS ARE IN THE BEST POSSIBLE FINANCIAL POSITION TO SECURE THEIR LONG TERM FUTURE.
Matt Wood
Head of Operations, AMFA
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Protecting the estate you have worked hard to build is essential but often put off until too late. With the correct planning in place, you can ensure that your wealth passes to the right people at the right time, and in a manner that provides protection and is efficient for tax purposes.
We can help you to identify planning opportunities that could benefit you.
For more information, contact us on 02380 420 606 to arrange a no-obligation consultation.
First class service received from Dave Robertson and team, who oversaw the smooth transfer of my funds and provide ongoing support and advice, with a personal and highly professional service.
Mr S GOMM