Covisory's Tax and Trust expert Nigel Smith continues his deskside chat series. This video focuses on the trends the covisory trust team are seeing becoming evident with the trusts and estates they work with. Nigel takes you through the three trends:
1. Where Trust Beneficiaries reside overseas and the trusts are distributing funds to the beneficiaries. The Trustees need to understand the tax impact for the beneficiary based on the country they reside in.
2. Increasingly the Covisory Trust team are being asked to step in as independent expert Trustees or Executors for disputed Trusts and Estates.
3. The need to disclose information to beneficiaries and what information is needed.
Explore our insights on the Trust trends we're observing in our blog. Simply click the link below to dive in!"