BUILDING A “FOUNDATION” OF “TRUST”
October 14, 2006 (PRLEAP.COM) Business NewsFor many years trusts have been a steady wealth management tool of financial professionals, but recent changes by the government will cut down on future UK trust formations.
Introduced during March’s Budget, the new rules mean certain trusts, such as accumulation and maintenance trusts, will incur higher charges on the assets.
Trusts have garnered a negative image in comparison to Foundations - which are seen as more solid due to the legal formalities involved - but both offer useful means for managing financial assets.
Anyone looking to set a new trust or foundation should speak to a formation expert, such as the RM Group who have been setting up trusts and foundations for 30 years
“A Trust should provide a solid mechanism to prevent erosion of wealth and ensure smooth distribution of inherited assets,” said RM CEO Manny Cohen. “RM’s strong association with legal specialist, Mossack Fonseca and Co allows us to provide advice and support from a range of experts, including international Lawyers, accountants, Trust Managers and Investment Advisors.”
To find out more about these services please visit www.rmonline.com or contact +44 (0) 1462 427304.
Established 30 years ago in the City of London, RM has continually enjoyed a reputation as the UK's leading supplier of business and financial information and company, trade mark and domain name registration. With its comprehensive range of offline and online products, through its Internet service aRMadillo® (www.rmonline.com) it was the first European online information supplier to commit to Internet delivery in June 1997 adding other firsts such as the provision of UK company search reports, web-delivered statutory document downloads, company and trade mark searches and the first to provide both PDF and TIF company documents for download. Product information is available by calling +44 (0) 1462 427300 and at www.rmonline.com. RM, RM Group and aRMadillo are registered trade marks of Raymond Morris Group Ltd.
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