Trusts and Estates

In order to address personal and family needs whilst maximising the potential tax planning benefits, a variety of structures can be adopted. Chief amongst these, in the UK at least, is the trust. Our support for trusts is wide ranging and our experienced team have specialist knowledge from both an accounts and tax perspective. We offer a proficient and cost-effective service in the following areas.

Preparation of Trust and Estate Accounts

We can prepare annual accounts with supporting documentation for all types of trust. Where the administration period of the estate is complex and lengthy, we are able to prepare interim accounts where required.

Taxation of Trusts and Estates

We offer a variety of taxation and tax planning services to assist in the often complicated taxation matters that can arise;

Preparation of trust and estate self- assessment tax returns
Finalisation of the deceased's tax affairs to date of death
Preparation of statements of estate income (Form R185) in respect of income distributions to beneficiaries during the administration period.
Dealing with inheritance queries following the submission of the Revenue & Customs account and agreeing the final liability with the Capital Taxes Offices
Capital gains tax planning
Estate planning when the drafting of wills is being processed, in order to curtail future inheritance tax liabilities
Preparation of annual tax certificates for beneficiaries of trusts

Probate

We offer a sympathetic service designed to support you through an already difficult time. We can assist with the following:

Full assistance and support through the probate process
Obtaining all information required for the probate application
Completion of all Inheritance tax forms and submission as necessary
Agreement of the inheritance tax liability with the HMRC

Require more information?

If you would like more information or would like to ask us a question then call us on 0870 22 55 220.
To ask us a question online click here.