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. This tends to be for one of two reasons: some individuals feel that settling a trust will be too complex when in reality it can be a relatively straightforward process. Alternatively, many have heard that trusts are only appropriate for passing on extreme wealth but in fact many individuals establish trusts at sums at or below the Inheritance Tax (IHT) threshold (currently £325,000).
There are many reasons why a trust may be suitable including, for tax-planning purposes, to protect assets, to provide privacy or to ensure the smooth transition of assets to beneficiaries on death and avoid lengthy probate proceedings. Whatever the reason, our trust experts can advise whether a trust is appropriate to meet these objectives and then work closely with your relationship manager to ensure that you achieve your aims.
Some typical situations where a trust may be appropriate include:
Services we provide:
Advantage of using Coutts
Coutts & Co has over 75 years' experience of establishing and managing trusts that meet the needs of wealthy individuals and families. Continuity in a trust's management is important and so Coutts is often appointed as Trustee because of its longevity and experience. In addition, surrounded by a wealth of knowledge within the organisation, you can rely on our experts to provide an extensively researched investment management service that follows a very clear purpose.