Loans for Trusts
A trust can be a great way to hold assets such as property or run a business and be able to distribute shareholding and funds to different members. Though a trust can offer many more benefits which is attractive for investors.
There are a couple of major benefits when it comes to seeking a loan through a trust; tax benefits and asset protection.
Trustee can distribute the trust’s income between its beneficiaries, which can allow them to minimise the mount of total tax payable for the trust. These tax discounts can then be used to pay down a loan and free up more funds faster to continue investing into its growth.
Not having assets registered in a person’s (individuals) name may sound like a bad thing but can be a major benefit when looking to borrow through the trust. This is because the assets aren’t legally owned by the beneficiaries and therefore, are guarded from any liabilities and risks associated with creditors.
Debt Advice at Mintwell
Mintwell offers Debt Advice to all clients as part of the foundational process and on-boarding of new loan arrangements, assessing each individual’s situation and presenting the most suitable debt solutions available, including the following.
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