Trusts are essentially separate legal entities which hold assets for your beneficiaries. As part of a review of your personal financial affairs and long term estate planning it may be appropriate to consider setting up trusts to maximise the tax efficient transfer of assets to your family, control your tax liabilities, enable you to make charitable provisions or simply to give you peace of mind that your affairs are in order.
Common uses of trusts include:
- Reducing the amount of inheritance tax due on your estate
- Holding investments, life policies, pension benefits, private company shares etc
- Holding funds for the future use of your children and grandchildren
- Supporting charitable causes through the use of a charitable trust
- Ensuring that your partner is taken care of but that your estate eventually passes to your own family where you have remarried
- Avoiding split ownership of a business where there are issues with succession
- Providing for someone who is unable to handle their own affairs
Our Tax & Trusts service
At Blandy & Blandy we have been providing advice to discerning private clients and business owners for 275 years.
Our partner led Tax & Trusts team is one of the largest and most highly respected in the Thames Valley with particular expertise in advising high net worth individuals on all aspects of their wealth and estate management.
Our Tax & Trusts service includes:
- The creation, administration and amendment of Trusts
- Advice on all aspects of Trust law
- Advice on related tax issues including Inheritance Tax, Capital Gains Tax and Income Tax
- Winding up Trusts
Together with our Financial Services team, we are also able to offer clients a complete Wealth and Estate Management service combining advice on planning and structuring your finances with long term estate and inheritance tax planning, all under the one roof.
What others say
The “accomplished” team of six is noted for being “an excellent solution” in private client matters.It has dealt with a number of multimillion-pound trusts and estates, some of which, being contested, were dealt with in conjunction with its probate litigation department. Many of these matters involved dealing with foreign jurisdictions. It is also proficient in court of protection matters and benefits from its successful financial services department.
Chambers Guide to the UK Legal Profession – 2007/08
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Contact our Tax & Trusts team
You can contact our Tax & Trusts team on 0118 951 6800. We are happy to arrange visits to our clients’ homes wherever necessary.
