Trusts and Tax Planning

Trusts are a traditional means of protecting family wealth and in recent years have been used as a form of tax planning. We advise on the creation, administration, amendment and termination of trusts primarily in the UK.

These can be used to reduce an inheritance tax liability that may be due when you die. Trusts have many other legitimate reasons for being used. These include appropriate asset protection from a variety of future threats: be they family breakup on divorce; a person about to embark on a new business venture with potentially increased levels of the threat of personal bankruptcy; and providing safely for those who are termed vulnerable, such as those who have learning disabilities, for instance.

Our team has specific expertise in this area and will always advise you on the most tax efficient estate planning, whilst staying very clearly to tried and tested methods rather than techniques which may backfire later. We can:

  • Create trusts
  • Change the terms of existing trusts
  • Appoint and retire trustees
  • Collect trust income
  • Deal with distributions to beneficiaries
  • Liaise with accountants on the preparation of trust accounts
  • Maintain investment records
  • Advise trustees on tax liabilities

This is by no means an exhaustive list of the services we can offer. We are always happy to meet for a no obligation discussion.

The Private Client Team

Graham Edwards

Graham Edwards
Partner

Edward Walter

Edward Walter
Partner

Kerry Carter

Kerry Carter
Chartered Legal Executive

Timothy Collins

Timothy Collins
Trainee Solicitor

Alex Cuppage

Alex Cuppage
Consultant

Lucy Head

Lucy Head
Solicitor

Satnaam Kaur

Satnaam Kaur
Solicitor

Laura Keeley

Laura Keeley
Paralegal

Noleen Mair

Noleen Mair
Paralegal

Claire Shireby

Claire Shireby
Solicitor

Claire Tyrrell

Claire Tyrrell
Chartered Legal Executive

Kristy Underwood

Kristy Underwood
Chartered Legal Executive Advocate

Contact us

We recognise how important it is that you have confidence in your legal advisor. Therefore, if you would like to have an initial discussion before deciding how to proceed, please do not hesitate to get in touch.

P : 01892 510 222
F : 01892 510 333
E : info@bussmurton.co.uk

You can also contact individual team members directly by phone or email by clicking on our People page.