TRUST MANAGEMENT


This is the core of what we do, and we do it well. From the initial creation of the trust, facilitating the transfer of the assets, gifting programs, minute book administration, and even final distribution to beneficiaries, we take care of it all. We are constantly looking to improve how we do things and we will not tolerate inefficiency just because “that’s how it’s always been done”. We pride ourselves on being ‘real time’ trustees, which means that we record the trustees’ decisions as they actually happen as opposed to 6-12months after the trust activity has occurred!

 

We are in essence “secretaries” for the trust – we dot the ‘i’s’ and cross the‘t’s’ and ensure that all trustees decisions are recorded in the form of a minute which is held in the trust minute book along with all other important supporting documentation. We ensure the trust is compliant.

 

A typical Trust Minute Book that we hold would include but not be limited to the following:

  • Instructions confirming why the trust was established
  • Trust Deed
  • Deed of Sale
  • Deeds of Acknowledgement of Debt
  • Deed of Gift
  • Gift Statements
  • Wills
  • Memorandum of Wishes
  • Licence to Occupy
  • Valuations
  • Any correspondence received and sent (including emails and faxes)
  • Copies of Mortgage documents
  • Agreements for Sale & Purchase
  • Bank records
  • Annual accounts/ copies of trust tax returns
  • Minutes of Trustees Meetings

People enquire:-  Why Trusts? Trust are established for a variety of reasons:

  • The Benefits
  • To protect separate property
  • Reduce loss through business failure
  • Reduce loss through legal action
  • A great succession planning tool
  • Tax efficiency

To Protect Important Assets: Assets can be put at risk in a number of different ways. These can include business failure, legal action or a relationship breakdown. We also do not know what the future holds. Government policy can change on a whim, bringing risks to the value of those assets we have strived so hard to acquire.

Will we get a Capital Gains Tax or will the Asset Testing Regime be extended to other Government Benefits? – We live in volatile times and there are no guarantees the government policies we have now will be here next year.