Trust administration
The trust administration practice offers a full range of accounting and administrative services to assist trustees in carrying out their responsibilities in a comprehensive and professional manner.
The scope of the work carried out includes the following:
- day-to-day contact with trustees, beneficiaries and investment managers;
- making of regular and one-off distributions to beneficiaries;
- maintaining trust records;
- preparing annual accounts;
- completing tax returns and ensuring compliance with HM Revenue & Customs;
- providing relevant tax reporting information to beneficiaries and their accountants; and
- advising on legal and tax planning issues as they arise.
The group provides administrative services for any of the following situations:
- inter-vivos trusts;
- will trusts;
- children's and grandchildren's trusts;
- trusts making provisions for financial settlement on divorce;
- charitable structures; and
- receiverships.
FORTHCOMING EVENT
Concerns for charities in the current environment, with particular insight from The Prince's Trust
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"'Rising star' Piers Barclay focuses mainly on trust administration, tax and succession planning."
Chambers UK 2012
"Capable of handling the most complex tax and trusts matters for its entrepreneurial client base, the team at Macfarlanes LLP is hard to beat. The team is renowned for the exceptional consistency of its lawyers,..."
The UK Legal 500 2011
Winners of the “London Legal Team of the Year” award.
STEP Private Client Awards 2009/10