We work with our clients to create a bespoke solution for their particular circumstances, assisting with wealth preservation, succession planning and asset protection.
We can also help with:
- Forced heirship planning
- Philanthropic interests
- Investment holdings
- Consolidation of assets
The most widely-used types of trusts are:
One of the most flexible types of trust structures as the trustee has complete discretion on when, in what form and how much each beneficiary may receive.
Some discretionary powers of the trustee can require the prior consent of a protector, subject to the specific terms of the trust deed.
The beneficiaries of a fixed interest trust will have specific defined rights in relation to the income and capital of the trust.
A reserved powers trust enables the settlor to reserve specific powers which would normally otherwise be powers vested in the trustee, with the reserved powers either held by the settlor or by a suitable third party
A purpose trust can have either charitable or non-charitable purposes. Due to the absence of any beneficiaries able to enforce what would usually be beneficiaries’ rights against the trustee, an ‘enforcer’ is required to be appointed.
PraxisIFM has an experienced team who can assist in the design, creation and administration of trusts.
Our services include:
- Providing corporate trustees
- Providing protectors
- Providing a full range of administration, record keeping and accountancy services
- Liaising with other professionals such as accountants, lawyers, property managers, bankers and investment managers
- Providing a full investment portfolio monitoring and review process
We request that our clients take appropriate tax advice.