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Trusts & Tax Planning

Trusts, Your Key to Successful Inheritance Tax Planning

At Caunters we have an excellent reputation for helping our clients to reduce their Inheritance Tax Liability in a broad range of individual circumstances.  We have a proven track record for reducing inheritance tax payable on your Estate and in some cases we may be able to help you to avoid paying it altogether.

We follow a process that involves gaining a thorough understanding of our client’s individual circumstances, we then make an informed recommendation which we talk  through with you, in detail. We ensure you fully understand how the recommended Trust works, what’s involved and the cost implications.

What exactly is a Trust?

A trust is a vehicle that allows assets or money to be managed and protected by a trusted party (a Trustee) for the benefit of another party (the Beneficiary).

Trusts Protecting Your Assets for Future Generations

Creating a Trust to protect your assets can make a considerable difference to your beneficiary’s Inheritance. From our experience we know that a little time and effort now can impact significantly on your taxable estate in the future.

Types of Trust

Different Trusts are used for different purposes depending on the benefit that you wish to derive. Certain Trusts assist with various aspects of tax and succession planning these include:

  • Charitable Trusts
  • Discretionary Trusts
  • Flexible Trusts
  • Life Interest Trusts
  • Pilot Trusts

How Could I Use A Trust?

You may wish to :

  • Protect some or all of your Estate for future generations of your family
  • Protect dependant or vulnerable beneficiaries who cannot manage money or assets themselves
  • Protect your assets from possible care home fees or financial abuse by beneficiaries
  • Protect your assets for your children from a previous marriage
  • Retain some control of your assets as you grow older, but would appreciate some assistance in managing your affairs
  • Maximise Tax efficiency
  • Protect commercial assets or company shares

Additionally if you are a cohabiting couple and you wish to make a significant tax saving despite not qualifying for spousal  exemption.