Trusts & Executorships
Johnston Smillie can help you set up a tax efficient trust to manage your assets and safeguard your family’s wealth.
Taking the time to think about what you leave your loved ones isn’t always easy, but it is important.
The last thing you want when you pass on is a large tax bill adding more worry and stress to an already difficult time.
That’s why planning ahead is so crucial, and Johnston Smillie can help you do just that by setting up a Trust.
What is a Trust?
Trusts are a relatively straightforward, effective, and very tax efficient way to set aside assets (money, land, property, and investments) for future beneficiaries, without impacting your Inheritance Tax threshold.
In addition to the tax benefits, Trusts ensure only named beneficiaries receive assets. This prevents those who may otherwise attempt to lay claim to some or all of your assets from doing so, for example a former spouse.
There are many different types of Trust, each with certain benefits and particular tax implications. It’s therefore necessary that you take the time to meet with a professional and discuss your options.
The Benefits of Working with JSCA
Setting up a Trust could be one of the most significant things you do to secure your family’s wealth and prosperity for future generations.
When you work with JSCA, we will take the time to develop a deep understanding of your family situation, personal circumstances, and tax profile, before advising you on the most suitable type of Trust available to you.
Our friendly team of experts can then set up the Trust, handling all documentation and administration on your behalf, before providing a full range of accounting services thereafter.
We can also advise you on – and assist you with – the preparation of your Will and, where appropriate, we can act as Trustees or Executors.
Start Planning Today
Whether you’re looking to control and protect your assets, or plan for your children’s future, setting up a Trust can put your mind at ease.
We’ll sit down together – at our offices, or yours – and discuss the various options open to you, and the tax implications of each type of Trust.
Only once you understand the benefits of each Trust will we then recommend, in the clearest terms possible, the best option for your current situation and future tax liabilities.
Contact us today to find out how we can help you set up a tax efficient Trust to safeguard your family’s assets for generations to come.