Inheritance Tax is the one tax that individuals can plan for, but one that they will not be liable for.
Effective IHT planning can help to protect your wealth and minimise the tax liability due on your estate. Taking into account your current situation and your anticipated future needs we can help to create a plan to provide reassurance to you and to those who are important to you.
Our team of specialists have experience using of a range of techniques and vehicles to assist with IHT planning. We can also liaise with your other professional advisors to ensure that your IHT strategy meets your wishes.
Trusts are created as a means of wealth preservation. They can provide flexibility in allowing assets to be passed down through the generations in a secure and tax efficient manner.
We are experienced in dealing with trusts both in the UK and overseas - including accumulation and maintenance trusts for minor beneficiaries, life interest, discretionary and protective trusts. We also advise on those set up for charitable purposes.
Our specialists can advise on the initial creation of a trust, helping you to choose the most suitable structure to meet your requirements. Once the trust has been formed we can deal with the day to day administration, and provide ongoing advice concerning the running of the trust.
We can also prepare annual accounts, tax returns and computations, and act as trustee, if required.
Our Estate planning specialists can assist you in mitigating Inheritance Tax liabilities by utilising lifetime gifts, both outright or via a trust, and by advising you on how best to write or update your will.
Where an Inheritance Tax liability is unavoidable, we can help to plan for the funding of the tax due so that the administration of your estate is completed promptly and cost-effectively.
At a particularly difficult time, it can be reassuring to have objective and professional guidance. For this reason we recommend that clients have a family member and a trusted advisor as executors to help ensure that their wishes are followed as they intended.
Should you wish, we can act as executors to your estate and also, of course, act as trustee with regard to any will trust arising.
For advice on IHT, trusts, estates or executorship please contact Jane Greenwood