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Trusts executorships

Trusts

There are a whole host of reasons why families might use settlements and trusts, for example:

  • Asset protection
  • Passing assets through different generations of the family
  • Providing for vulnerable beneficiaries
  • Tax planning
  • Retention of control over gifted assets

Thomas Westcott can assist with:

  • Liaising with solicitors in respect of drafting the settlement deeds
  • Administration of trusts; dealing with income and expenditure for trustees; annual accounts and tax returns; forms R185
  • Tax planning through use of trusts
  • Protection of capital for settlor and beneficiaries

Executorships

Dealing with the financial affairs of their clients’ and completing their annual tax returns, who better to deal with the estate of deceased clients than their accountants? At Thomas Westcott, we pride ourselves on providing a swift, cost effective service for executors. We can assist with:

  • Collating estate assets and liabilities
  • Preparing IHT and probate forms and payment of IHT
  • Claiming of various reliefs including APR and BPR
  • Conversion of assets into cash and payment of liabilities
  • Preparation of estate accounts
  • Distribution of estate to beneficiaries

Get in touch with one of our specialist advisors to see how we can help you.

dale-simpson For further information, please contact:
Dale Simpson FCA CTA Partner
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phil-butterworth For further information, please contact:
Phil Butterworth ACA Partner
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david-tromans For further information, please contact:
David Tromans FCA Partner
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