Trusts are an important and versatile tool in relation to Inheritance Tax planning and the tax efficient passing of family wealth and assets to future generations.
Trusts offer increased control over the provision of assets through the creation of trustees. Trustees hold assets on behalf of beneficiaries and the terms of the trust determine when the beneficiaries receive anything and what they receive. Trusts can be created during your lifetime or in the event of your death.
At Beacham Peacock, our experts can help you set up a fund that suits your requirements for passing on family wealth – including estate, money and other valuable assets – to family members. Our advice encompasses both the creation and management of funds; the appointment of trustees; how to avoid inheritance tax, capital gains tax and other trust law matters.
Contact our Newcastle office today on 0191 232 3048 for more information about setting up trust funds and inheritance tax planning.