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Trusts

There are many reasons why you might need a Trust. Different trusts have different requirements for administration, responsibilities for trustees, and tax compliance in relation to assets. Not all trusts need to be complicated, but it is essential to fully understand how they work and what is required to prevent mistakes and future problems for both trustees and beneficiaries.

We help you deal with the transfer of trust assets into the names of the trustees and coordinate the investment and daily management of trust assets. We prepare all the deeds and documents needed to report money leaving the trust and changes in trustees. We will also help with winding up the trust when it comes to an end.

 

HOW WE CAN HELP YOU:

Ways we can support you with your Trust administration include:

  • Register the trust with HM Revenue & Customs

  • Prepare and submit annual tax returns

  • Provide tax calculation

  • Prepare Inheritance Tax anniversary reports

  • Prepare Annual Accounts (to document transactions during the Trust Administration year)

  • Prepare Annual Minutes to record Trustee decisions

We have many years of experience in creating, administering, and supporting trustees with trust management. If you are unsure which direction to go in, or what to do next, give us a call

 

 

 

 

"Working with Argo has been calm, straightforward and incredibly reassuring. I could not recommend them highly enough"

- Mrs Normal, Maidstone

Acting as a trustee can be an onerous job, so we offer a Trust Administration service to help ease the pressure.

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What is a Trust?


A trust can be set up in your lifetime or in your Will. A trust is created when a person (“the settlor”) gives assets to other people (“the trustees”) to hold, not for their own benefit, but for the benefit of others (“the beneficiaries”).




What are the benefits of placing assets into a Trust?


  • Minimising tax, either during your lifetime or as part of your Will planning
  • A way to pass property over to family members at a certain age or to provide additional protection to a vulnerable beneficiary
  • Protecting funds to be used for a specific purpose such as grandchildren’s education or assistance with a deposit for the purchase of a property
  • Safeguarding money obtained during an injury claim and helping to ensure that state benefits are not lost