Trusts

Trust work is a specialism of Simpson Wood which has an experienced team of staff dedicated to this activity.

Our knowledge of trust and tax law and of its practical application has enabled us, over many years to establish a large and well respected trust department, making us one of the leading practices in the area offering such a specialised service.

Trusts can be set up for immediate use, or they can come into operation after your death under the terms of your will.

Common reasons for creating a trust are:-

• Reducing inheritance tax payable on your death
• Providing for your family during and after your lifetime
• Safeguarding your assets during your lifetime and after your death

The services we are able to provide include:-

• We will assist in helping you to choose the type of trust which best suits your needs.
• We will also complete the annual trust accounts and tax returns and review the suitability and performance of trust assets.
• If required we will act as professional trustee and host trustees' meetings.
• We will also provide expert tax advice throughout the life of the trust to ensure that the maximum tax benefit is derived.

Simpson Wood can also take over and administer existing trusts if required. If you would like to discuss how trusts can be of use to you please contact us.