Trusts
Protect what matters, now and for the future.
Trusts can be an effective way to safeguard assets, reduce tax liabilities, and ensure your wealth is passed on according to your wishes. At Morris Palmer, we help you navigate the complex tax implications and legal frameworks associated with trusts.
Whether you’re planning for children, a vulnerable relative, or simply the future, we’ll help you establish and manage the right trust structure.
We advise on
FAQ
1What is a trust and how does it work?
A trust is a legal arrangement where assets are held by trustees for beneficiaries. It can help manage inheritance, provide protection, and reduce tax.
2Are trusts taxed in the UK?
Yes, depending on the type of trust. They may be subject to Income Tax, Capital Gains Tax, and Inheritance Tax. We’ll help ensure you remain compliant.
3Do I need a solicitor to set up a trust?
We recommend involving both legal and tax professionals. We work alongside solicitors to ensure the trust structure is sound and tax-efficient.
Thinking about setting up a trust?
We’re here to guide you start the conversation today.