Recent budgets over the last few years have highlighted the fact that the current government is looking very closely at the use of trusts in tax planning and at inheritance tax planning generally. There have been considerable changes in legislation affecting this specialised area of taxation and the process is ongoing.

Despite these changes trusts are still a very useful inheritance tax planning tool and still have their place in planning either during lifetime or on death.  We have a dedicated Trust and Estate Planning Team who are well placed to advise you on these wide ranging changes.

Calculate the Inheritance Tax to be paid on your estate. using our online Inheritance Tax calculator .

Our inheritance tax and estate planning services available to you include:

• An initial meeting to discuss your personal circumstances
• Full valuation of your assets, including unquoted shares
• Advice on lifetime planning
• Review of your will and its inheritance tax effectiveness
• Assessment of current inheritance tax liability
• Written report detailing your personal inheritance tax planning strategy
• Ongoing help with personal tax affairs

Garbutt & Elliott Private Clients is expert at advising in all these areas, with clients throughout the North. All members of our team are specialists, some of whom are members of the Society of Trust & Estate Practitioners, the only recognised professional body covering advisors in this field.

If you would like to discuss any of the changes in legislation or would like to discuss either your will or your exposure to inheritance tax generally, we would be delighted to offer you a free consultation.