In some instances, forming a trust can be a good way of protecting your assets and can play an important part of your tax and estate planning strategy.
But trusts aren’t right for everyone and a lot depends on your specific circumstances and long term plans.
Once formed, you must appoint Trustees and a Secretary whose obligations include documenting the minutes of meetings (which must be held at least annually), updating the asset and liability registers, ensuring the assets of the trust are maintained and submitting an annual return.
Mallett, Angelo, Quinn chartered Accountants can act as your Trust Secretary or help you to appoint an appropriately skilled person. We’ll oversee your trust management and ensure that you are aware of the current legislative requirements to maintain a legitimate trust and receive the maximum benefits from it.
Click here to contact us about forming or managing a private trust.
Charitable Trusts are created to ensure that the assets and income of that organisation benefits public interest. As such, Charitable Trusts are open to scrutiny and must be managed carefully.
MAQ are one of a limited number of accountancy practices in Northland qualified to audit Trusts and Charitable Trusts. They can help you to manage your resources and document procedures so that your trust remains compliant and serves the beneficiaries as it was intended to do.
Click here to contact us about forming or managing a charitable trust.