We understand the enormous responsibility that Trustees carry in a number of different areas and the necessity for them to obtain professional advice in order to carry out their duties effectively.
Common issues to most trustees include being aware of relevant legislation and complying with it, preservation of capital for beneficiaries, planning for and meeting income and capital requirements, and effective tax planning.
We have developed a specific service proposition for Trustees to ensure that you are clear on the advice and service we can provide to you and agree how this will be delivered. This will apply whether you are involved in establishing a new trust or act for an existing trust.
We are familiar with the Trustee Act and other legislation surrounding trusts and the duties of trustees and we have the experience to understand individual trust arrangements.
One of the key requirements for a trustee is to ensure an appropriate investment strategy and portfolio construction for the trust assets, always being mindful of the interest of the beneficiaries. Given the tax rates applicable to Trustees it is essential that the investment structure allows maximum tax efficiency.
We also work with a significant number of charities helping them develop a bespoke investment strategy to achieve the balance between the need to distribute charity assets and the need to invest for the medium to long term.