Questions to ask yourself
The right choice depends on your specific circumstances. Here are the key questions to consider:
- 1 Is the original purpose still valid? Has your situation changed since the trust was set up?
- 2 Do the benefits justify the costs? Trusts have ongoing compliance and administration costs.
- 3 What about future generations? Will your children benefit from keeping the trust running?
- 4 Who are the right trustees going forward? Is there appropriate succession planning?
- 5 What are the tax implications? Of keeping, restructuring, or winding up the trust?
What we provide
After completing our review, we provide you with:
- A written report summarising our findings and recommendations
- Clear options with pros and cons of each approach
- Cost estimates for any recommended work
- A meeting to discuss the findings and answer your questions
"We never pressure you to take a particular path. Our job is to give you the information you need to make an informed decision. The choice is always yours."
You've completed the guide
You now understand:
- Why trust reviews are important, especially after the Trusts Act 2019
- What we examine during a review
- The common issues we find
- Your options: keep, update, restructure, or wind up
- How to make the right decision for your family
Next steps
If you are ready to have your trust reviewed, or if you'd like to discuss your situation before committing, we're here to help.
Ready to discuss your trust? Call us on 06 835 7394 or email 06 835 7394 .
What we do at this stage
We help you work through the decision, implement your chosen path, and set you up for ongoing success. Our relationship does not end with the review.