Trusts and Executorships
Through the use of trusts and executorships, you can ensure that any assets you have are set aside for your future beneficiaries in a tax-efficient manner.
These beneficiaries must be outside of the inheritance tax net.
Trusts and executorships may also be useful for:
- Providing funds for your children's education, maintenance, etc.
- Restricting access to property by future beneficiaries
- Providing for people who are mentally or otherwise incapacitated
Scannell & Associates can provide valuable advice regarding which type of trust is most suitable for you. We can also supply you with various accounting resources for these trusts, and can aid you and your lawyer in creating and maintaining a trust.
Furthermore, Scannell & Associates can supply you with support in the preparation of your Will, and can also act as trustees and executors.
For further advice regarding trusts and executorships, please do not hesitate to contact us.