What Is A Trust?
A Trust Deed is a legal arrangement that places property or assets under the control of appointed trustees.
It is up to the trustees to then administer the property or assets to the benefit of those named in the Deed or Will.
A trust can be a great way of managing and protecting your assets during your lifetime and beyond. It can also reduce the amount of inheritance tax payable on your death.
Trusts are separate legal entities. They are taxed independently for income tax, capital gains tax and inheritance tax purposes. This makes them an effective means of separating your estate to avoid tax generally.
Irwin Mitchell’s Tax and Trust team can help to reduce a huge amount of the burden of administering as trust.
Further Information On Irwin Mitchell’s Trust Services
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