Creating a trust can bring many financial benefits, including minimising inheritance tax, protecting your family’s assets against care home fees, and making sure you’re looked after as a beneficiary.
However, the legal and tax issues can be complicated, and there’s no single ‘off the shelf’ solution.
Professional, courteous advice on trusts and planning
We understand trusts and planning inside out, and can help you make sense of your risks and opportunities. Then we can help you prepare the best plan – for you and your intended beneficiaries. We’re approachable and personable, and we won’t baffle you with legal-speak.
Our expert advice covers:
UK or off-shore advice
sale or purchase of trust assets
supervision of income from trust assets
preparation of trust accounts
preparation and submission of trustee tax returns
disputes about trusts.
Let’s identify and implement the approach that’s best for you
Our award-winning team gives you access to a wide range of services, and to our in-depth experience across the entire spectrum of trust creation, including will trusts, lifetime trusts, charitable trusts, and trusts of death, benefits from life policies and occupational pension schemes. The most important thing is to identify the best option that can be tailored to suit your unique needs.
Working closely with fellow professionals
Trusts and planning will likely involve your accountant or investment advisor. We’re here to work seamlessly with them to provide you with a comprehensive and integrated package. We can even act as trustees if required.
Our experience includes:
assisting trustees by identifying that their trust hadn’t received all the assets that should have been transferred to it
advising on appointing assets out of the trust to avoid an Inheritance Tax charge
ensuring that capital gains tax holdover relief was claimed on the assets appointed out of a trust to defer liabilities
advising on the appointment of a revocable life interest to a trust beneficiary – resulting in an inheritance tax saving of over £70,000
helping beneficiaries establish that assets had been transferred out of the trust in error – resulting in an inheritance tax saving of over £200,000.