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thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

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Specialist advice for managing your trust

Managing trusts is a significant commitment for you and your future generations.

The management of trusts and family wealth can frequently be complex and, almost always, time consuming. Whether a trust has been in place for generations or is a new trust, it will require detailed records to be mantained and coordination with solicitors, accountants and other advisers.

Through a combination of our trust managers, lawyers, tax advisers and administrative systems, Wrigleys can help you with the legal, accounting and compliance obligations that you need to manage your trust assets.

Trust Management Services

In addition to advising on and setting up trusts, Wrigleys also manage trusts on your behalf on an ongoing basis which may include:

Annual Trust Services

  • Registration of trust with HMRC

  • Preparation and submission of trust tax returns

  • Arranging payment of tax liabilities or arranging repayments of income tax

  • Preapration of annual trust accounts

  • Liaising with investment advisers to ensure investment performance policy is agreed and met

  • Providing beneficiaries with information for their personal tax returns

Adding Value To Your Trust

  • Working with advisers to achieve a balance between requirements of the trustees and expectations of the benficiaries

  • Arranging income and capital distributions in a tax efficient way to beneficiaries and dealing with the necessary trust and tax compliance

  • Involvement with one off transactions such as sale or purchase of assets to ensure a straightforward process for the trustees and that tax issues are dealt with

  • Arranging and attendance at trustees' meetings

  • Dealing with inheritance tax calculations and compliance required for trusts

  • Reviewing cashflow to maintain the required levels

  • Dealing with International reporting requirements on behalf of trustees such as FATCA and CRS

  • Managing HMRC enquiries

Trust Termination

  • Assessing the most tax efficient way of terminating your trust

  • Arranging appropriate termination documentation

  • Dealing with final tax compliance paperwork

  • Providing beneficiaries and their advisers with relevant ifnormation for their tax affairs

Lynne Bradey View Biography

Lynne Bradey

Direct Line: 0114 267 5584

Partner
Sheffield

Lisa Eato View Biography

Lisa Eato

Direct Line: 0114 267 5598

Legal Director
Sheffield

Meet the team

10 Oct 2018

School and nursery staff no longer have to disclose association with sex offenders

The disqualification by association rules no longer apply to those working in schools and nurseries.

25 Sep 2018

Could you maximise income through hiring out school property?

We look at an example of utilising school land and property, and how the school and academy trust should act.

24 Sep 2018

**HMRC UPDATE** Trust Registration Service - September 2018

HMRC has further updated its guidance on compliance with the legislation of the registration of trusts which had tax liability.