Inheritance Tax, Trusts and Estates Planning

In light of the number of changes introduced in recent years, it is even more important for individuals to regularly manage their Personal Wealth.  This should involve both a review of lifetime giving and distribution of assets on death.  We are able to offer assistance with both lifetime and death planning: -

  • Lifetime Planning
    Although changes have been made to the Inheritance Tax system it is still possible to take advantage of some of the valuable reliefs which have always been available     i.e. annual exemptions, small gift relief and gifts out of income etc. 
  • Death Planning
    It is essential for Wills to be made and regularly reviewed to ensure that family assets and wealth are passed through the generations.  We can advise on how best to mitigate the taxation consequences.

Trusts are a major tool for Tax planning, offering flexibility in the increasingly important area of wealth management. However, the complexity of the present Trust and Inheritance Tax legislation can be daunting. 

Our specialist team can assist by offering a wide range of services, dealing with all aspects of Trusts and Estate planning (both in lifetime and on death) including: -

  •  REVIEWING CURRENT TRUST ARRANGEMENTS PRIOR TO 5 APRIL 2008! (the deadline for certain changes to be made to Trusts following the changes made to the rules in 2006)
  • Trust administration, preparation of accounts, distributions to beneficiaries and liaising with other professionals
  • Preparation of the annual Trust tax returns
  • Preparation of Estate Accounts
  • Preparation of annual Estate tax returns
  • Advise on distributions to beneficiaries i.e. level and frequency of distributions from both Trusts and Estates
  • Assisting with the completion of H M Revenue & Customs forms for Inheritance Tax events.
  • Dealing with HM Revenue & Customs enquiries

For further information please contact:

Ann Hawkes
Tel: 0114 2667171
Email: ann.hawkes@bhp.co.uk

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