Trusts need careful planning and administration to achieve their objectives and protect the trust assets and trustees as much as possible from legal claims.
The Trusts Act 2019 requires trustees to keep core trust documents.
Core documents include:
The Trusts Act 2019 requires trustees to prepare financial statements.
Financial statements plot the journey of the trust and give a financial snapshot of the trust on its annual balance date. They are a key tool for managing and reviewing the trust and give the trustees the information they need to administer the trust and exercise their powers and duties.
At Raymond Khouri Chartered Accountants we have extensive experience and offer specialist advice on creating and managing your trust.
Ask us about our Trust Administration, Trust Accounting and Trust Tax services.
We also offer our Trust Risk Review service. It includes: