Trusts & Inheritance Planning

Ensuring your assets benefit the people you intend.

Often misunderstood, in the right circumstances, a Trust can be a highly efficient way to ensure your assets are protected and can benefit the people you intend. Far from being the preserve of the super-rich or tax-avoiding elite, a Trust can be used by, and can benefit anybody. It’s a key facet in Inheritance Planning.

Trusts

There can be many reasons why it’s not possible or practical to simply give your assets to the person you want to have them. The recipient may be young or unable to manage the responsibility. They may be receiving benefits. Or they may be experiencing marital problems, and you’d prefer your gift to not be included in the assets to be divided, and possibly end up in the hands of your ex son or daughter-in-law.

Whatever your reason, setting up a Trust can be an excellent way of simplifying and protecting both you and the recipient. For this reason, a Trust often forms part of a Will. Click here to find out more about Will Trusts.

We can advise you on whether a Trust is appropriate for your needs, the different types of Trust available, and the tax implications of setting up a Trust. We’ll put this in a language you’ll understand, and ensure

Inheritance Planning

Inheritance Tax is the tax paid on assets, your savings, investments, property, vehicles etc. after Inheritance Tax Allowances have been deducted. While taxes may be inevitable, a little estate planning can help you make your affairs more tax efficient.   

It’s wise to seek specialist legal advice on how best to protect your estate sooner rather than later, so plans can be put in place and allowances utilised.

Areas of Expertise

There are numerous considerations our inheritance tax solicitors can advise you on, including:

  • Will Trusts
  • Trusts
  • Gifts
  • Investments
  • Deeds of Variation
  • Succession Planning within your business

Our specialist inheritance planning lawyers can give you tailored tax advice, including allowances, structuring your Will and tax exemptions you can take advantage of during your lifetime, which will lawfully reduce the size of your estate and its liability for inheritance tax.

Trusts often involve advice from accountants and financial advisers, as well as solicitors, and we’re happy to connect you with other local experts who can talk you through your investment options.


Emily offers a free initial 30-minute consultation. Simply fill in the form on our free consultation page to see how we can help.

Our Trusts & Inheritance Planning Team

Emily Payne

Partner | Solicitor

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Richard Drake - solicitor and notary public at Dickins Hopgood Chidley

Richard Drake

Solicitor | Notary Public

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Resources - the answer could be just a click away

We have more helpful free legal advice in our fact sheets, just click to download:

Trusts explained

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Providing for someone with
a learning disability

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All other resources

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