Trusts and Executorships
Trusts and executorships are extremely useful instruments for tax planning purposes.
They are particularly useful for holding shares in private companies as part of a family financial or tax plan – especially if you want to reduce inheritance tax liability in your estate.
They can also be useful for:
- Providing funds for your children’s education, maintenance, etc.
- Restricting access to property by future beneficiaries
- Providing for people who are mentally or otherwise incapacitated
- Gifting to charity
There are four main types of trusts:
- Life interest trusts
- Discretionary trusts
- Accumulation and maintenance trusts
- Bare trusts
Each type of trust receives different tax treatment and can be adapted to many different purposes.
To take full advantage of trusts in your tax and estate planning you need to receive expert help and advice.
We can help you determine which types of trust are suited to your purposes, prepare the necessary documentation, and advise on appropriate trustees.
Contact Us today to discuss how you can take advantage of this extremely useful tax planning tool.
Accounting for creatives
We’ve been helping people in creative industries for over 23 years and what we’ve found that they appreciated most is our understanding of the industry and how well we work with creative people.
Green & Peter – Chartered Accountants North London
Green & Peter – Chartered Accountants North London
Accounting for property
We also love working with people that deal with properties. We’ve helped to guide clients that were ready to give up on their property and turned them into happy and successful property moguls.
Green & Peter – Chartered Accountants North London
Green & Peter – Chartered Accountants North London
Accounting for everything else
We don’t just work with creatives and properties, we do all the other things you’d expect. If you’re looking for help with your finances for business or personal then let us advise you on the best approach.
Green & Peter – Chartered Accountants North London
Green & Peter – Chartered Accountants North London