A trust is a legal arrangement that allows you to give away assets – such as money, property or shares – in a tax-efficient and controlled way.
Often thought of as only for the wealthy, trusts can be equally valuable for people with much more modest assets and are a useful tool in reducing tax liabilities, particularly inheritance tax, whether created during your lifetime or by your will.
The flexible nature of trusts means they can be used to reduce the cost of long-term care or to specify at what age or in what circumstances you wish your beneficiaries to receive money or property. You can even use trusts to protect assets indefinitely if you do not wish your beneficiaries to have full control of these.
At Moore Thompson, we are experienced in identifying trust solutions that will benefit you and your family. As well as advising on the most suitable type of trust and helping you set this up, we can provide a full range of accounting services.
Our colleagues at MT Financial Management also offer expert advice on investments tailored to meet trustees’ requirements to achieve income and/or capital growth.
Alongside our trust services, we can provide expert tax planning support to legal advisors when preparing your will and can act as your trustees or executors.
For further details or to arrange a free, no obligation meeting, please contact a member of our trusts and executorships team.
For more information on Moore Thompson Chartered Accountants in Spalding, Wisbech, Market Deeping, Cambridgeshire and Lincolnshire, please contact us.