by Chris Carter | Aug 7, 2024
Trust documentation plays a critical role in ensuring compliance with tax laws by: Defining tax responsibilities: Clearly outlining the tax responsibilities of the trust and the trustees. Accurate record-keeping: Ensuring that accurate financial records are...
by Chris Carter | Aug 7, 2024
Having a trust deed in place before establishing a trust is crucial for several reasons: Legal framework: It provides a clear legal framework that defines the trust’s purpose, terms, and conditions. Clarity and certainty: It ensures that all parties involved...
by Chris Carter | Aug 7, 2024
Trustees have several obligations regarding trust accounts, including: Record-keeping: Maintaining accurate and detailed records of all transactions and decisions related to the trust. Financial reporting: Preparing regular financial statements and reports for the...
by Chris Carter | Aug 7, 2024
A trust deed is a legal document that outlines the terms and conditions of a trust. Most life assurance providers will have a trust form that you can complete to make the process as simple as possible. However, the key elements that must be included in a trust deed...
