TRUSTS CAN BE INVALUABLE FOR TAX PLANNING, SPECIFICALLY MINIMISING TAX LIABILITY. BUT TRUSTS HAVE OTHER USES TOO.
Trusts – use them to Fund Education, Restrict Access, Support the Vulnerable
Trusts can provide for children’s education and maintenance. They can restrict property access by beneficiaries. They can support those who are incapacitated. And they can gift to charities.
Choose the Right Type of Trust
There are four main trust types, each treated differently for tax. The two most common types of trust are –
- Life interest trusts which provide regular income, with capital passing to other beneficiaries later.
- Discretionary trusts which offer more flexibility on income and capital distribution.
Get Expert Help Setting Up Trusts
To fully make the most of trusts for tax and estate planning, you need expert advice. We advise on suitable trust types, prepare documents and recommend trustees.
At ORCOM CIVVALS LTD, we are dedicated to providing you with ateam of experienced, friendly, and proactive accountants.
That’s why we strive to provide timely, effective solutions to our clients so they can stay ahead of the competition. Explore our “Services” section to learn how we can help your business grow.
