Services We Offer

Often accountants act as independent trustees in their client’s trusts.  This can bestow heightened risk on an accountant as they may be held to exhibiting a higher standard of care and skill than their client in carrying out their trustee role.  This is especially so where a client looks to their accountant-independent trustee to advise on and discharge the myriad of legislative obligations now required of trustees.  For the accountant holding this dual role, ensuring proficient administration and management is undertaken becomes even more important from a risk perspective.

Many accountants have held the role of independent trustee pro bono, as a benefit associated with acting as the accountant for a trust. The increased compliance regime recently imposed upon trustees and the subsequent risk of litigation being brought against trustees, however, has led accountants to question the wisdom of continuing to hold the role.

Undoubtedly these days, proficient systems and processes must exist for accountants to manage and administer the trusts that fall under their ambit in a timely and proficient manner. This is especially pertinent to accountants who act as independent trustees. Accountants don’t necessarily want to spend time and money, however, on employing appropriately qualified staff, acquiring new knowledge and establishing new processes to administer trusts.  The services Black + White Trust Services Limited undertakes provides a solution to these issues.

Specialising in trust management and administration means we can fully concentrate on the tasks at hand, giving those tasks the attention they deserve. Specialisation also means we complete only the administrative functions required for trusts, thus supporting and protecting accountants’ important relationships with clients.

The services we offer interact seamlessly with the work accountants undertake. The work we complete assists trustees to satisfy their duties thus strengthening the integrity of the trust. This is especially important for accountants who hold the dual role of acting as independent trustees for their clients.

Succinctly, our work permits accountants to get on with running their own accounting practices whilst resting in the comfort of knowing their clients’ trusts will be well-managed and administered.