Historically, the use of Trusts was common for families who had significant wealth.
We are now seeing a rekindling of clients’ interest in using Trusts for planning or asset protection purposes.
We can advise you with regard to the tax implications of setting up a Trust and the benefits which these structures provide.
We can also advise Trustees regarding the tax implications of the administration of the Trust after it is set up and we can assist the Trustees in ensuring that their tax compliance obligations are satisfied.