Taxation and Trust Advice

Inheritance Tax Planning

Inheritance Tax is the tax that is paid on your ‘estate’, chargeable at a current rate of 40%. Broadly speaking, this is a tax on everything you own at the time of your death, less what you owe. It’s also sometimes payable on assets you may have given away during your lifetime. Assets include property, possessions, money and investments. One thing is certain, careful planning is required to protect your wealth from a potential Inheritance Tax liability.

We provide advice on how to use exemptions, gifts into trust, life assurance and wills to help reduce the tax paid on your estate.

Levels and basis of taxation are not guaranteed and are subject to change.

Trusts and Will Writing are not regulated by the Financial Conduct Authority.

Trust Planning

Trust planning is not the preserve of the rich and famous. It is a method of ensuring that your assets pass to those who you would want to benefit from them.

Trust planning can be used to ensure life assurance benefits pass to your chosen beneficiaries free from inheritance tax and when needed, rather than being held up for months in probate.

Gifting money into trust during your lifetime can help build up a sum for children and grandchildren to enjoy at an agreed point in the future.

If you would like to find out what impact trusts could have on your financial planning, please let us know.

The Financial Conduct Authority do not regulate taxation and trust planning.

No obligation Financial Review

Feel free to contact us to discuss your enquiry and if appropriate arrange an initial meeting at your home or one of several offices in the South of England.

The Chatsworth Practice Ltd
01202 233297

Head Office: 23 Hinton Road, Bournemouth, BH1 2EF

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The Chatsworth Practice Ltd adheres to and subscribes to the Financial Ombudsman Service. For full details of their service click here or contact us for further information.

The Chatsworth Practice Ltd is an appointed representative of Sanlam Partnerships Limited which is authorised and regulated by the Financial Conduct Authority under number 563682.

The Chatsworth Practice Ltd is registered in England and Wales registered number 05974782. Registered office 6th Floor, Dean Park House, Dean Park Crescent, Bournemouth, BH1 1HP

Some aspects of inheritance tax planning and trust planning are not regulated by the Financial Conduct Authority (FCA).

Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change. The firm is not responsible for the content of external links. The content is aimed at UK residents.