Trusts are complex arrangements that allow you to give away assets, such as cash, property and shares, in a way you specify for the benefit of the recipient.
When you put assets into a trust, providing certain condition are met, they no longer belong to you. This can reduce your Inheritance Tax bill when used right, among other benefits.
TBL helps clients open trusts during their lifetime, or write them into their Will. We can also act as executors of your Will, so we can deal with the administration of the estate quickly and professionally. Where appropriate, we work closely with specialist solicitors to create trusts.
Examples of when you might want to use a trust:
Paul Stafford FCCA
Paul set up TBL with Chris Humpage, and provides expert advice on gifts, trusts, estate planning and more.
Having worked in Southend most of his career, Paul qualified in 1996 and became a partner in the local office of a London firm in 1998. In 2017 Paul and Chris set up a new independent practice, TBL Accountants.
Paul has a wide and varied client portfolio, including those in the Charity sector - an area where Paul has wide experience having served as trustees for a number of Charities. He believes a strong open relationship in clients of all sizes achieve their objectives. Paul is a registered auditor authorised to execute statutory audits for UK registered companies and charities.
Outside of work, Paul is a long-suffering West Ham fan, plays Tennis (poorly!) and is a local District Commissioner for Scouting.
Chris Humpage FCA
Chris set up TBL with Paul Stafford, and is experienced in business valuations, preparing exit strategies and more.
Chris trained with a Top 50 firm in Suffolk and qualified in 1996, becoming a Partner in the local office of a London firm in 2009. In 2017 Chris and Paul set up a new independent practice, TBL Accountants.
Chris has a wide and varied client portfolio, with a large number of clients in the motor industry. Chris believes that the most important person in his business relationship with his clients is his client. He is a registered auditor authorised to execute statutory audits for UK registered companies and charities.
Outside of work, assuming he is not taking one of his children to dancing or cricket, you will find Chris on a golf course, on his bike or watching cricket.