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Take full advantage of these tax planning tools

Trusts are extremely useful instruments for tax planning purposes. They are particularly useful for holding shares in private companies as part of a family financial or tax plan - especially if you want to reduce inheritance tax liability in your estate.

They can also be useful for:

  • Providing funds for your children's education, maintenance, etc.;
  • Restricting access to property by future beneficiaries;
  • Providing for people who are mentally or otherwise incapacitated;
  • Gifting to charity.

There are four main types of trust:

  • Life interest trusts;
  • Discretionary trusts;
  • Accumulation and maintenance trusts;
  • Bare trusts.

Each type of trust receives different tax treatment and can be adapted to many different purposes. To take full advantage of trusts in your tax and estate planning you need to receive expert help and advice.

We can help you determine which types of trust are suited to your purposes and arrange for the necessary documentation to be prepared.

We can also advise you on the planning and preparation of your Will. Where appropriate, we can introduce professional trustees or executors to you, too. Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.

The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government's coffers!

It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime.

We provide a discreet estate planning service that includes:

  • Help with drawing up and reviewing your will;
  • Making full use of exemptions and lower tax rates on lifetime transfers;
  • Optimising lifetime transfers between spouses;
  • Transferring agricultural or business property;
  • Transferring assets into trust.
  • Arranging adequate life assurance to cover potential inheritance tax liabilities

We strongly advise you to begin your estate planning right away by contacting us at info@andersonross.co.uk for a preliminary review.



Anderson Ross Independent Financial Planners is an appointed representative of ValidPath Limited which is authorised and regulated by the Financial Conduct Authority. ValidPath Limited is entered on the FCA register (http://www.fsa.gov.uk/register/home.do) Financial Services Register No: 197107

The Financial Conduct Authority does not regulate National Savings.

The Financial Conduct Authority does not regulate taxation, tax planning or trust advice. Levels and bases of, and reliefs from, tax are subject to change.

The value of some investments can fall as well as rise and any income from them is not guaranteed. It is possible to lose part or all of your original investment, depending upon the level of risk.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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