Trusts and Executorships

There are a whole host of reasons why families might use settlements and trusts, for example:

  • Asset protection
  • Passing assets through different generations of the family
  • Providing for vulnerable beneficiaries
  • Tax planning
  • Retention of control over gifted assets

Westcotts can assist with:

  • Liaising with solicitors in respect of drafting the settlement deeds
  • Administration of trusts; dealing with income and expenditure for trustees; annual accounts and tax returns; forms R185
  • Tax planning through use of trusts
  • Protection of capital for settlor and beneficiaries

Dealing with the financial affairs of their clients’ and completing their annual tax returns, who better to deal with the estate of deceased clients than their accountants? At Thomas Westcott, we pride ourselves on providing a swift, cost effective service for executors. We can assist with:

  • Collating estate assets and liabilities
  • Preparing IHT and probate forms and payment of IHT
  • Claiming of various reliefs including APR and BPR
  • Conversion of assets into cash and payment of liabilities
  • Preparation of estate accounts
  • Distribution of estate to beneficiaries

Specialist Advisers

Get in touch with one of our specialist advisers to see how we can help your business.

The specialist sectors we can advise you on include,
but are not limited to the following:

  • Agriculture
  • Charities and Not for Profit
  • Company accounts
  • IT Contractors
  • Manufacturing and Technology
  • Owner Managed Businesses
  • Professional Practices
  • Property and Construction
  • SME Market
  • Timeshare Industry
  • Tourism and Leisure

We're here

Whoever you are, wherever you are, whatever you want to achieve. With more offices in the South West than any other firm, we’re always on hand to offer face-to-face advice, opening doorways to a whole world of specialisms and services which are available to all of our clients whenever they need them.

To find your nearest office or get in touch with one of our specialist advisers, please go to our contact us page.

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