Trusts

We recommend the use of a team approach (solicitor and chartered accountant) to the process of trust formation.

We can assist with ongoing administration issues for trusts.

We can help with:

• fulfilling your requirements as a Trustee in accordance with your Trust Deed and the Trustee Act.
• gifting
• annual accounts and income tax return preparation

The following introductory comments relate generally to discretionary family trusts. However, each situation is different so we encourage you to talk to us about your individual needs.

Any person considering setting up a trust should seek specialist legal advice. A family trust can be used to good effect to achieve a number of purposes including:

• protecting the long term interests of yourself, your spouse and your children
• removing assets from the scope of family protection or testamentary promise actions
• protecting your assets against claims by future creditors and predators
• protecting your assets against matrimonial property claims including the interests of your children against claims by their spouses

Companies

Creating a corporate trading environment has many benefits. However, the process under which any company is incorporated is established by the Companies Act. This must be followed with attention to detail to avoid penalties under the Act or establishing a position that unwittingly creates income tax issues.

Company administration and record keeping is a specialised area of corporate ownership in which we are highly experienced. We recommend that clients use Southey Sayer Ltd as the registered office and address for company service and communication. This allows you to get on with what you are good at in your business and leave the administration to us.

We then manage the:

• filing of annual returns
• personal property register issues
• appropriate director and shareholder resolutions
• monitoring of constitutional issues
• dividend declarations and resolutions.