Trusts and tax planning solicitors

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Our trusts and inheritance tax planning solicitors provide tailored legal advice to help you manage your wealth and minimise tax liabilities.

Our experienced team of inheritance tax solicitors will work closely with you by providing expert advice and guidance on all aspects of trusts, tax planning and estate planning, helping you to protect your assets and ensure your wishes are carried out.

  • 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.

Tim Adams

Tim Adams

Partner | Private wealth

01483 543265

What is trust and inheritance tax planning?

Trust and inheritance tax planning involves strategies for minimising the amount of inheritance tax owed on the transfer of assets from one generation to another. This can involve setting up trusts or utilising exemptions and allowances to reduce the amount of tax owed. The goal is to ensure that as much of the inheritance as possible goes to the intended beneficiaries, rather than being lost to tax.

Providing ongoing assistance with trusts and inheritance 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.

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Why choose our trust and inheritance tax planning solicitors?

Choosing Moore Barlow’s trust and inheritance tax planning solicitors ensures that your assets are protected and your loved ones’ futures are secured. Our experienced team offers tailored advice and solutions to minimise tax liabilities and maximise wealth preservation. With our client-focused approach, you can trust us to provide comprehensive and efficient services for all your estate planning needs.

How can our trust and inheritance tax planning solicitors help?

At Moore Barlow our experienced trust and inheritance tax planning solicitors can provide you with expert advice and guidance on how to minimise your tax liabilities and protect your wealth. We can help you create effective trust structures that meet your individual needs and goals, as well as provide guidance on inheritance tax planning and estate administration. With our comprehensive knowledge of tax laws and regulations, we can ensure that your assets are protected and passed on to your loved ones in the most tax-efficient way possible.

We have offices in LondonRichmondSouthamptonGuildfordLymington and Woking and offer specialist trusts legal services to clients nationwide. Contact Moore Barlow to find out how we can help you and your family.

We are here to help

Discover how our expert private wealth lawyers can help you.

Contact our private wealth team

Frequently asked questions – inheritance tax planning & trusts

What is wills, trusts and estate planning?

Wills, trusts and estate planning generally refers to some of the steps that an individual or family might take to help protect their wealth and ensure that their wishes are carried out in regard to the division of their assets and beneficiaries after they pass away.

A will is the legal document that outlines someone’s wishes for their estate after their death. It usually includes which assets should be given to which beneficiaries and may also include details of charitable donations that the will holder wants the executors to make on their behalf from the estate.

Trusts are a way to set certain assets aside for a period of time after the owner of the estate passes away. They are often used to protect money that will be given to children or grandchildren once certain criteria have been reached e.g. coming of age.
Estate planning refers to wills, trusts and any other processes or tools used to legally document and facilitate an estate being divided up according to the wishes of the individual concerned, once they have passed away.

Tax planning is the process of using a range of legal provisions to minimise the amount of tax due. In the context of estate planning, tax planning is used to reduce the tax liability of an inheritance. This is legal in the UK, common practice and is very different to tax avoidance.

Tax planning is important because it enables beneficiaries of an estate to minimise the inheritance tax due on the money or other assets they have received. Effective inheritance tax planning can mean that people are able to pass on as much as possible to their loved ones after their death.

Inheritance tax is a tax due on the estate of someone who has passed away. Their estate usually comprises of any property they own, any savings, investments or other assets that they have.

Inheritance tax is only due on estates with a value of £325,000 or more (the current threshold) and is charged on the portion of the estate that is above this threshold.

The current standard rate for inheritance tax is 40%. This means that 40% of the value of portion of the estate that is above the current threshold will be due to the UK government by the end of the sixth month after the person passed away.

However, there are many different provisions that can reduce this tax liability, which can often mean that more of the inheritance is passed over to the recipients that otherwise would be. Some examples of this include if a property is being left to a family member or if a specific percentage of the net estate value is donated to a charity.

This can be a complex area of law and some things which may have been gifted to beneficiaries while the individual was still alive could be subject to inheritance tax, depending on the circumstances. It’s important to take expert legal advice when tax planning for your estate.

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