Our Trusts & Prices

Until recently, professional Trust Planning was the preserve of the very wealthy. This was due mainly to the lack of experts able to construct the intricate legal documentation required. There was a lack of expertise and knowledge required in advising the appropriate structures and the associated high costs that go hand in hand with rarity.

But why do these wealthy people spend so much to create Trust Structures? Quite simply it is for efficient preservation of family wealth, from all manner of deteriorating factors such as taxation, divorce, or simply bad relationships.

We at Penguin Tax Planning are now able to bring this level of planning to a much wider population, through consolidation of in-depth expertise and knowledge in trust planning, aggregating the legal paperwork to specialists in a centralised location thus allowing us economies of scale to bring the costs right down to affordable levels.

We can therefore offer access to the establishment of personalised Family Trust Structures without the premium price.

 

The Penguin Tax Planning Portfolio includes

  • The Protective Gifting Trust
  • The Guardianship Trust Fund
  • The Inheritance Tax Trust

 

Pricing

 

Trusts are seen as complicated structures! They are!!

Trusts can do lots of things for different members of your family, can have lots of clauses in them and instruct people – your trustees – on how to manage your money when you are gone.

For those reasons – and because each trust is personal to YOU and YOUR family – it is hard to tell you what your trusts may cost you.

What we can tell you is that a trust can cost as little as £400, right up to £20,000 – it really depends on what you want and need.

 

Let us give you an example –

If we use the video example of Mr Miggins with a £200,000 personal pension fund – Mr Miggins is worried about how much of his pension fund would be left for his children if his wife died a year after he did – costing the children £80,000 in tax!

To save £80,000 in tax, via a Penguin Pension Trust, would cost £897 to set up.

We would suggest a small price to pay for a large tax saving for the children.

Don’t forget, not only does the trust potentially save the tax, but it also protects the money should Mrs Miggins decide to marry again.

We all hope that she does remarry – but does she, or did he, want that money to end up with the new husbands family, or end up as part of a future divorce settlement?  Of course not, the trust should protect the money from this.

 

Why Penguin Tax Planning? Click Here