Trusts and tax planning options for you and your family

  • Due to the complicated capital taxes landscape, it is becoming increasingly likely that you will need to consider inheritance tax (IHT) in your overall financial planning
  • IHT planning can help minimise financial worries for those you leave behind
  • By utilising our expert team of tax lawyers and our chartered tax adviser, we can work with your trusted financial professionals to optimise the possibilities open to you

The issues of trusts and tax planning is an incredibly complex matter that requires significant legal insight to ensure that the best decisions are made. We take time to understand your and your family’s requirements, meaning our advice will always be tailored to you and your family’s needs.

Amongst other strategies, life insurance may help those you leave behind with the ability to pay inheritance tax, freeing them from any financial worries concerning how they themselves may fund the tax. It is therefore important to ensure that your insurance policy is written into trust, otherwise the policy proceeds may be counted towards the value of your estate.

We can advise on any death in service benefits (which may flow from a pension scheme membership), and life policy proceeds. Certain financial products can help form part of the overall inheritance tax planning strategy for you and your family, and we can help make this whole process run efficiently and with ease.

Providing ongoing assistance with trusts and tax planning in a process most suited to you

Trusts provide a useful tool for tax planning purposes, and can benefit you, your family and future generations.

When conducting estate planning, we assess each element of tax legislation that is appropriate for your circumstances in order to minimise your exposure to tax and to maximise the reliefs available to you. We understand that everyone’s circumstances are different, and we are able to advise you on the trust most suited to your needs, including whether a trust would be the most appropriate option for you.

We will provide you with on-going advice on Agricultural Property Relief and Business Property Relief as well as both the use of and potential impact of other types of capital tax relief such as Holdover Relief, Rollover Relief and Entrepreneurs Relief.

Expert tax professionals committed to optimising the best possibilities for you

We will always provide tailored advice to meet your needs and circumstances regarding every aspect of trust law. Our team of expert tax lawyers and our chartered tax adviser will work alongside your financial adviser, accountants, and other trusted professionals to ensure that the best steps are taken to optimise your options, always keeping your and your family’s best interests in mind.

Many of the issues regarding trusts and tax planning can be extremely complex and we understand that it might be a stressful time for you, which is where our proven ability to work seamlessly with your financial advisers would come into the fore.

We have offices in Richmond, Southampton, Guildford, Lymington, London and Woking and we offer specialist support to clients both locally and nationally.