Taxation is of vital importance in many areas, but in particular when advising on estate and succession planning. It is a subject which has to be considered in all but the simplest of Wills. Thought given to taxation issues and in particular to Inheritance Tax, at the time of making a will could greatly reduce the liability due on death. We can advise you on the best way of structuring your affairs so as to minimize the tax payable both during your lifetime and on death.
For the private client, planning can often lead to the setting up of trusts. A trust can be useful for protecting assets for the benefit of members of a family, and for protecting assets from the effects of taxation.
Careful thought must always be given to ensure that a trust is set up in such a way that it reflects the client's wishes and protects the trust assets. We also see it as a major part of our duty when dealing with trusts to give proper and effective advice to the trustees on their obligations and best practice.
Once a trust is set up, the firm is always pleased to continue acting for the trustees in day to day administration, dealing with stockbrokers and other financial advisors and institutions, making distributions to beneficiaries and preparing the trust accounts.