Trusts & Tax planning

Taxes can be levied on income, capital gains, inheritance and at other times, but these can by prudent planning be minimized or even avoided. Tax and future planning may involve no more than arranging a pattern of lifetime gifts or making a Will. Other situations may involve the setting up Trusts, either by lifetime Trusts or Will Trusts. The use of a Trust involves giving assets, which can be money, stocks and shares, property etc to Trustees who administer the assets in accordance with the terms of the Trust.

• without advice you may unnecessarily give tax to the Inland Revenue
• potential savings can often pay for the cost of tax planning many times over
• you get peace of mind from knowing you have planned your affairs
• you can arrange at what age children should inherit, (if you think 18 is too young)
• you can anticipate and prevent family squabbles
• you can take advantage of lifetime exemptions and gifts
• we can help you obtain investment advice.

If you need further information, please contact Justine Hardy or Selena Hinds.