Trusts &
Family Offices

A Trust places the right money, in the right hands, at the right time. They provide the flexibility, creativity and control that a will alone might not.

You could be forgiven for thinking that estate planning is about what happens to your assets after your death. And whilst to a certain extent, that is true, it’s also about organising your wealth now to ensure you maximise its effectiveness – whether that’s to safeguard and benefit your loved ones, or minimise the impact of taxation.

Our experience at KWM tells us that the following are reasons that people consider the use of a Trust

  • Providing wealth for future generations and earmarking funds for specific family members.
  • Preserving wealth which may otherwise be diluted due to divorce or bankruptcy of a beneficiary.
  • Mitigating Income Tax, Capital Gains Tax, or Inheritance Tax (IHT).
  • Avoiding delays in obtaining a Grant of Probate.

Say for example you want to make a gift to a minor or someone you do not believe is sufficiently responsible, you may prefer to retain some control over it either until the beneficiary reaches a certain age or until you decide that the recipient is sufficiently mature.

This can be achieved by using a suitable Trust.

Trusts, Foundations and Companies play an increasingly important role in wealth management for individuals, Family Offices and businesses. As part of your strategy, we can help you with succession planning, tax mitigation and asset protection, as well as facilitate a range of specialist investment structures.

We offer access to highly-experienced and professional legal and fiduciary services from Genus Trust Company, who are based in Jersey – a jurisdiction with a long-established reputation for client confidentiality and one of the world’s most politically-stable and respected financial centres.

The value of investments will be directly linked to the performance of selected funds and these can fall as well as rise. You may get back less than the amount initially invested.

The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

Please note that the services provided by Genus Trust Company are separate and distinct to those offered by KWM Wealth and St. James’s Place.

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