Family Trust Accountants and Services

As accountants, we understand the importance of protecting and managing family assets. One of the tools we often recommend to our clients is a family trust. A family trust can provide many benefits, including asset protection, tax minimisation, estate planning, and succession planning.

At our accounting firm, we provide comprehensive services for setting up and managing family trusts. We start by working with our clients to determine the purpose and objectives of the trust. This helps us to draft a trust deed that reflects the needs and goals of our clients.

Once the trust deed is drafted, we assist our clients with appointing a trustee. This is a critical step in the process, as the trustee is responsible for managing the trust and making decisions in accordance with the trust deed. We help our clients choose a trustee who is trustworthy, responsible, and has the necessary expertise to manage the trust effectively.

Funding the trust is the next step, which involves transferring assets into the trust. We provide guidance on the best way to fund the trust, taking into account our clients’ personal circumstances and the tax implications.

One of the key benefits of a family trust is its tax flexibility. Income earned by the trust can be distributed to beneficiaries in a way that minimises tax liability. We work with our clients to develop a distribution strategy that optimises tax outcomes and ensures compliance with tax regulations.

Our ongoing services for family trusts include trustee management, accounting and taxation, record keeping and reporting, estate planning and succession planning, and review and compliance. Our experienced team of accountants, tax experts, and lawyers ensure that the trust is effectively managed and complies with all legal and tax obligations.

We understand that each family’s situation is unique, which is why we provide tailored solutions for our clients. Our approach is collaborative, and we work closely with our clients to ensure that the family trust meets their needs and objectives. We pride ourselves on delivering high-quality services that provide peace of mind and long-term benefits for our clients and their families.

In conclusion, a family trust can be a valuable tool for managing and protecting family assets. At our accounting firm, we offer a comprehensive range of services for setting up and managing family trusts. Our experienced team provides tailored solutions that reflect the unique needs and goals of our clients, and we are committed to delivering high-quality services that provide long-term benefits for generations to come.