Trust Services

Trust Services

Building and preserving your wealth over a lifetime is a commendable endeavor, one that demands diligence and dedication. As you amass assets and financial security, it becomes increasingly vital to safeguard your legacy for future generations. This is where trust services come into play. 

What are trust services?

Our Trust Services offers a robust mechanism for ensuring that your hard-earned assets are passed on to the right beneficiaries, at the right time, and in a tax-efficient manner.

At Prydis, we specialise in providing comprehensive trust services, backed by extensive experience in managing trust processes. Our approach is holistic, addressing not only the legal aspects but also wealth management and financial considerations when establishing your trust. We are dedicated to helping you craft a trust plan that not only protects your assets but also optimises their management both today and in the future.

Trusts: Your Key to Successful Inheritance Tax Planning

Our reputation speaks volumes about our ability to assist clients in reducing their Inheritance Tax Liability across a wide range of individual circumstances. We have a proven track record of not only minimising the inheritance tax payable on your estate but, in some cases, even helping you entirely avoid it. Our process begins with a deep understanding of your unique circumstances, followed by informed recommendations that are thoroughly discussed with you, ensuring you have a clear grasp of how the recommended trust operates and its cost implications.

What Exactly is a Trust?

Before delving deeper into the world of trust services, let’s start with the basics. A trust is a legal vehicle that allows assets or funds to be managed and safeguarded by a trusted party, known as the Trustee, for the benefit of another party, referred to as the Beneficiary. Trusts serve as powerful tools for asset protection and management, offering a structured way to secure your financial legacy for future generations.

Trusts: Protecting Your Assets for Future Generations

Creating a trust to safeguard your assets can yield significant benefits for your beneficiaries’ inheritance. Our experience has shown that a modest investment of time and effort today can have a substantial impact on reducing the taxable value of your estate in the years to come.

Types of Trust

Not all trusts are created equal; they serve different purposes based on your specific needs and objectives. Some of the trust types we specialise in include:

• Charitable Trusts
• Discretionary Trusts
• Flexible Trusts
• Life Interest Trusts
• Pilot Trusts

Each of these trusts plays a unique role in tax and succession planning, providing tailored solutions to address your financial goals and concerns.

How Could I Use A Trust?

The versatility of trusts means they can be tailored to suit a variety of scenarios and objectives. You might consider establishing a trust to:

• Protect your estate for future generations of your family
• Safeguard dependant or vulnerable beneficiaries who are unable to manage assets themselves
• Shield your assets from potential care home fees or financial misuse by beneficiaries
• Secure assets for your children from a previous marriage
• Maintain some control over your assets as you age while seeking assistance in managing your affairs
• Maximise tax efficiency
• Safeguard commercial assets or company shares
• Explore significant tax savings, even if you do not qualify for spousal exemptions as a cohabiting couple.

Do you Need an Inheritance Planner? 

Building up your wealth gradually over your lifetime requires hard work and dedication. Setting up a trust can ensure you protect your legacy so it can be passed on to the next generation. Our Trust Services team comprises experienced professionals who specialise in creating and managing trusts, ensuring that your assets are distributed according to your wishes. We work with you to create a customised trust that meets your specific objectives, whether that be asset protection, estate planning, or tax optimisation.

Trust Services at Prydis

Trusts are not just legal entities; they are powerful tools for preserving your legacy and ensuring your assets serve your loved ones as you intend.

Our Trust Services include:

Trust Creation and Management

We can create a trust for you and manage it on your behalf, ensuring that your assets are protected and distributed according to your wishes.

Trust Administration

Our team of professionals can handle all aspects of trust administration, including asset management, distribution of assets, and tax reporting.

Estate Planning

We can help you create an estate plan that meets your unique needs and ensures that your assets are distributed according to your wishes.

Asset Protection

Our Trust Services can help you protect your assets from creditors, lawsuits, and other potential threats.

At Prydis, we believe that trust and estate planning is an essential part of wealth management, and we are committed to providing our clients with the highest level of service and support. Contact us today to learn more about our Trust Services and how we can help you protect your wealth for generations to come.