Placing an asset in a Trust, whether cash, shares or property, can have tax advantages. Rather than gifting assets directly to a beneficiary, Trusts allow you to control how and when the recipient benefits in a proportionate and limited way. This is particularly important when establishing trusts for children or grandchildren. There are many different types of Trusts available, each with its own benefits and implications, so it’s important that you get the right legal advice when creating a new one.
If you are a trustee of an existing trust we advise on powers and duties, assist with retirement, removal and appointment of trustees and prepare ancillary documents to ensure trusts are being administered properly.
Muckle also offers professional Trustee services through our trust company, Muckle Trustee Ltd.