Providing clear financial vision to both private and corporate clients. Call us to make an appointment 01543 410 512

Trust and Taxation (Estate Planning)

Estate Planning enables you to put together a clear plan that details your wishes about how you’d like your estate to be managed upon your death. This will prove to be incredibly helpful for your loved ones, who can then arrange your affairs accordingly.

A trust is a way of managing assets (money, investments, land or buildings) for people. There are different types of trusts and they are taxed differently.

We provide specialist Estate Planning services such as Trust and Taxation advice. For example we provide investment advice where monies are held under Power of Attorney to pay for nursing fees. We will also arrange for investments to be made for children.

Inheritance Tax

Inheritance Tax may have to be paid on a person’s estate (their money and possessions) when they die. You pay Inheritance Tax on ‘relevant property’ – assets like money, shares, houses or land. This includes the assets in most trusts.

Lord Jenkins once famously said “Inheritance Tax is a voluntary tax, paid by those who distrust their heirs more than they dislike the Inland Revenue!”

With careful planning, potential Inheritance Tax liabilities can be considerably reduced or mitigated completely. Possibly more importantly, you can be sure who finally receives your assets.

If you would like to discuss any of these areas in detail with one of our advisers  please give us a call on 01543 410512.