A Trust can be used for a range of purposes including tax mitigation and protection for minor or disabled beneficiaries.
Trusts are legal arrangements where one group of individuals, known as trustees, hold assets and investments for the benefit of another group of individuals, known as beneficiaries. This is known as the separation of legal and beneficial ownership. A trust can be established either during lifetime or by will.
Trusts can be used for a number or reasons, including:
- Tax mitigation
- Enabling clients to make lifetime gifts whilst retaining control over the assets gifted
- Protecting beneficiaries who might be facing a financial risk, such as a divorce or bankruptcy
- Providing for minor children
- Providing for disabled beneficiaries
- Charitable trusts
Areas of Expertise
Our team are experts in;
- Tax planning
- Trust creation
- Trust management
- Tax liability and exemptions
- Charitable gifts & philanthropy
In addition, the firm owns and operates a corporate trustee, Cleaver Fulton Rankin Trustees Limited, which can be appointed by our clients as both an executor in their will and as a trustee of any trusts which they may choose to create by will or during their lifetime.
How can we help you?
Call us on the Belfast number below or send us a message and one of our team will be in touch.
028 9024 3141Send us a Message
How can we help you?
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