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Cofunds launches three trusts

Cofunds has launched a bare trust, discretionary gift trust and discretionary loan trust.

The trust deeds were constructed by Technical Connection and settled by a QC. Cofunds says advisers should also consult legal advisers to ensure the tax trusts are suitable for their clients’ needs.

It adds it has launched a series of guides to assist advisers in using the deeds, as well as a decision tree demonstrating which option is best for a particular client.

Cofunds head of proposition Verona Smith says: “We have listened to advisers and heard loud and clear that that they want us to help in this area.

“These trusts can be used to help manage capital gains tax and in inheritance tax planning, but we would strongly recommend that advisers consult legal advisers to make sure the draft trusts are suitable for their clients specific circumstances.”

 

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