In our experience many individuals do not consider establishing a trust as part of their tax planning even though it can be an extremely effective tool. Some individuals feel that settling a trust will be too complex when, in reality, it can be a relatively straightforward process. Others have heard that trusts are only appropriate for passing on extreme wealth. However, with the inheritance tax (IHT) threshold relatively low, most wealthy individuals should be considering trusts as part of their overall estate planning.
Despite recent changes trusts can still be used as a means of mitigating IHT liabilities, as well as seeking to provide an element of protection for young and vulnerable beneficiaries.
Coutts & Co has over 75 years experience of establishing and managing trusts that meet the needs of wealthy individuals and families. In addition Coutts is also able to provide advice on management and investment of the underlying trust assets.
