The use of an FTC as a fiduciary of family trusts
presents unresolved federal income and transfer tax issues.
are separate legal arrangements that are familiar to many family business owners.
The owner of brands such as Persil and Flora has paid PS715m to buy out the shares and other rights owned by family trusts
created at the time of the death of company founder William Hesketh Lever.
In an upcoming BBC programme, it is claimed that HMRC investigated the Ecclestone family's tax affairs for nine years before offering to settle for a 10 million-pound payment from the family trusts
After a nine-year investigation into the family's tax affairs, HMRC offered to settle for a PS10million payment from the family trusts
Offshore family trusts
can be used to avoid messy, public estate battles, says Silvia On, a Hong Kong-based registered foreign lawyer at Stephenson Harwood
HSBC Bank USA, a unit of HSBC Holdings (LSE: HSBA) has been ordered by a court to pay compensation to seven Seymour Knox family trusts
Executing planning using family trusts
can provide this and can eliminate some but not all of the issues for families.
A senior Birmingham chartered accountant who has spent 40 years working with Cadbury family trusts
dedicated to improving the lives of the less fortunate retired this week.
: ownership, size, and their impact on measures of wealth and home ownership
During his life, L's mother created various family trusts
; L exercised a power of appointment over these and other trusts to create various new trusts (N).
With the proliferation of family trusts
over the last two decades, and the misinformation provided by some promoters of these trusts, tax practitioners now have to deal with more cases of unfunded--or stale--trusts.