Trusts, Settlements and Foundations
At the core of tax planning, asset protection, and/or the long-term preservation of family-owned businesses for many entrepreneurs and their families lies the use of trusts, settlements and foundations, established onshore or offshore.
The uses of trusts and settlements are many and varied and they continue to provide excellent asset protection and tax planning opportunities, in the UK in particular for clients from countries other than the UK (even those whose own legal system does not recognise trusts). Trusts also provide opportunities for UK clients holding long term investments to maximise relief from UK capital gains tax.
Our German Private Client team provides legal advice on the creation and administration of foundations of all kinds, including all aspects of civil and tax law, choice of jurisdiction and category.
Our UK and German Private Client teams also advise both beneficiaries and trustees on all contentious issues arising out of the investment and administration of trust / fiduciary funds.