Trusts

A multi-generation family walking together on a beach.

Why Set Up a Family Trust?

Trusts can be an incredibly useful way to pass on wealth and preserve assets. Yet, there’s a common myth that they’re only valuable for very wealthy families. However, trusts can simply be utilised to ensure assets are kept within the family. What is a family trust? A trust is a legal arrangement that you could use to pass on assets. ...

Someone holding glasses up to a HMRC letter.

Trustees, here is what you need to know about the Trust Registration Service deadline

Being a trustee comes with many responsibilities, and, in some cases, you will need to register a trust with the Trust Registration Service (TRS) by 1 September 2022 or you could incur a fine. A trust is an arrangement that lets someone, known as the settlor, set money or assets aside for someone else, known as a beneficiary. A trust ...