ARTICLE · 13 NOVEMBER 2023

Mum's Will Created A Trust – What Do I Need To Do?

UHY Hacker Young LLP

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Since the implementation of regulations requiring certain trusts to be registered with HMRC, the types of clients needing assistance with registration have evolved.

United KingdomTax

Since regulation was implemented that requires certain trusts to be registered with HMRC, families are increasingly confronted with their trust-related obligations following a family member's death. Our dedicated UHY advisors are here to guide and support you and your family through these complex processes.

Since the implementation of regulations requiring certain trusts to be registered with HMRC, the types of clients needing assistance with registration have evolved.

First, there were actively managed and tax reporting trustees, usually sitting on income generating assets.
Later came the more passive but well-advised trustees, often sitting on family property or non-income bearing investments.

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