Dafferns

Trusts Services

Trusts are an essential tool for safeguarding your assets and ensuring the financial security of your loved ones.

Trusts are an important aspect of estate planning and wealth management. They are legal arrangements in which one person, known as the trustee, holds and manages assets on behalf of another person, known as the beneficiary.

Trusts can be used for a variety of purposes, such as protecting assets from creditors, minimising taxes, and providing for future generations.

Dafferns offer trusts services to our clients. These services range from trust creation and management to ongoing administration and compliance. One of the main benefits of using Dafferns for trusts services is the expertise and experience we bring to the table. Trusts can be complex legal arrangements, and working with us can help ensure that the trust is structured and managed in a way that meets your specific needs and goals.

As well as the above, we can also provide valuable guidance and advice on the types of trusts that may be most appropriate for your situation. We can also help you navigate the tax implications of trusts, such as gift and estate taxes, and develop strategies to minimise your tax liability.

In addition to providing trust creation and management services, we can also provide ongoing administration and compliance services. This can include managing trust assets, distributing income and principal to beneficiaries, and ensuring that the trust is in compliance with all legal and tax requirements.

By working with us, you can have peace of mind knowing that your trust is being managed properly and in accordance with applicable laws and regulations.

Overall, trusts services can be an invaluable resource for individuals and families looking to protect and manage their assets. By working with an experienced professional, you can ensure that your trust is structured and managed in a way that meets your specific needs and goals, and that you are taking advantage of all available tax and legal strategies.

Latest on Private client

View all articles
Dafferns

4% cut in Capital Gains Tax for residential property sales

Karen Keeling

Dafferns

Budget changes for the high income child benefit charge (HIBC)

Karen Keeling

Dafferns

Furnished holiday lettings regime will be abolished from April 2025

Brian King

Dafferns

National insurance contributions cut by 2%

Brian King

Dafferns

Downhill quicker than a Olympic Bobsled team – that will be HMRC customer services…

Scott Whitmore

Dafferns

Do I need to submit a self-assessment tax return?

Karen Keeling

Dafferns

Significant change in the way self employed are taxed from 6 April 2024

Brian King

Dafferns

Cryptocurrency exchanges join forces to report transactions to HMRC!

Scott Whitmore

Dafferns

Digital platforms – Reporting changes from 1st January 2024

Scott Whitmore

Dafferns

Engagement letters: Strengthening client-professional relationships

Geoffrey Cox

Dafferns

Seasonal generosity unwrapped: HMRC’s latest gift to Charities in updated guidance

Scott Whitmore