Setting up a trust in Ireland can be a cost-effective way to manage and distribute assets, but it is important to understand the costs involved before making a decision. MBC Financial is here to provide you with the information you need to make an informed decision.
The cost of setting up a trust in Ireland can vary depending on the type of trust you choose, the complexity of the trust structure, and the services you require. Some of the main costs associated with setting up a trust in Ireland include:
Legal Fees: The cost of drafting the trust deed and any associated legal documents can vary depending on the complexity of the trust and the lawyer you choose.
Trustee Fees: Trustees are appointed to manage the trust and will charge a fee for their services. The cost of trustee fees can vary depending on the type of trust, the services required, and the number of trustees appointed.
Tax Registration Fees: Trusts are required to register for tax in Ireland and there is a fee for this registration.
Annual Maintenance Fees: Trusts have ongoing costs associated with them, including accounting and tax compliance. These fees can vary depending on the type of trust, the services required, and the number of beneficiaries.
It’s important to keep in mind that these are just some of the costs associated with setting up a trust in Ireland, and other costs may apply depending on the specific circumstances of your trust.
At MBC Financial, we understand that the cost of setting up a trust can be a concern, which is why we offer comprehensive and transparent pricing on all of our trust services. We’ll work with you to understand your specific needs and provide you with an accurate estimate of the costs involved. Contact us today to learn more about setting up a trust in Ireland and how we can help you do it at a cost-effective price.
MBC Financial is regulated by the Central Bank of Ireland.