Home » Services » Tax Planning » Trusts & Family Investment Companies

Trusts & Family Investment Companies

Protect your family’s wealth and move assets to the next generations with easy to understand and highly effective planning. 

Trusts (also known as “settlements”) are legal structures which have been with us for centuries and which play some hugely valuable roles in domestic and commercial life. Our planning work for clients uses Trusts intelligently, in a range of important ways which those clients enjoy – even typically after some early reticence where the concept of a Trust was, perhaps, somewhat alien initially, and they needed our clear outline of what the Trust is, what it does and what it will cost to maintain.

Trusts can be designed to come in many different forms for various different purposes, including, by way of examples;

  • Minimisation of Inheritance Tax
  • Preservation of control over assets
  • Protection of those assets (from business creditors, from a bad marriage, etc..)
  • Will Planning
  • Income Tax management (see below)
  • Care Home costs management

 

A popular tax-managing trust vehicle is the “Grandparent’s” settlement, typically used to enable the reliefs and allowances of non-tax paying individuals to be accessed in extracting income which might otherwise be taxed at much higher marginal rates, on the parents of those children.

In recent years the planning armoury long served by Trusts has been supplemented by the use of what are known as Family Investment Companies (FIC’s) which can perform some of the traditional roles of a trust with some valuable advantages. FIC’s stand prominently in our menu of planning options as a result.

"We follow a simple principle laid out by our founders: It’s not about keeping up. It’s about staying ahead."

Chris Wrighton,
Director

Talk to our experts

It’s our job to clear the way so you can focus on what inspired you to go into business in the first place.

Related services

Buying & Selling

Learn More

Estate & Retirement Planning

Learn More

Profit Extraction

Learn More

Reorganisations

Learn More

Succession Planning

Learn More

Share Schemes

Learn More

Contact us

Find out more about how Harold Sharp works, and how we can help you.

Email Icon

Subscribe to our newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!