At Royds Withy King we are still able to serve all your legal needs during the Coronavirus pandemic. Find out more.

Search our news, events & opinions

12 December 2012 0 Comments
Posted in Case Studies

Dealing with a tax inefficient trust

Author headshot image Posted by , Partner

In this case we helped the trustees to apply for clarification of unclear wording in a trust. The trust was amended so that it could be interpreted to give a more tax efficient outcome for the beneficiaries; helping them to save money.

If the unclear wording not been changed, the trustees would have risked being sued for ‘breach of trust’ for failing to properly administer the trust and for failing to ensure tax efficiency. The application was approved by the court without the need for a court hearing. This was a simple, quick and far cheaper resolution for the trustees.

Contact us today to find out how our lawyers can help you or your business

0800 923 2073     Email usenquiries@roydswithyking.com

Leave a comment

Thank you for choosing to leave a comment. Please keep in mind that comments are moderated and please do not use a spammy keyword or a domain as your name or it will be deleted.

*required*

**required*

*optional*

Case Studies

Learn more

Partner

T: 01225 730 238 (DDI)
Email

Search our news, events & opinions