Tax and trust planning

At Morgan Cole we understand that our clients are concerned to protect their money, property and other assets, for themselves and ultimately for the ongoing benefit of their families. We know that many individuals are particularly concerned about the likely impact of long term care costs and Inheritance Tax on the value they will one day pass on to their children or other intended beneficiaries. Many business and farm owners would ideally like to ensure that a business or farm can be secured for the benefit of successive generations and protected from the individual circumstances of those intended to benefit but are unsure if and how this might be achieved. Individuals who have recently received an award of compensation for a significant personal injury may be naturally anxious to know if they can retain any support they have been receiving from the state so that their compensation is not eaten up in meeting the costs of day-to-day living.

Effective planning to address these and other concerns often involves the use of trust arrangements. Under English law a 'trust' essentially involves making the legal control of the assets in question separate and distinct from the ability to benefit from those assets.

The law around trusts and the way in which they are taxed can be complex and is prone to change. Our team of experts are here to help and can provide you with clear and sensible advice so that you are able to make informed choices. We will work with you to identify and implement the solutions tailored to best meet your needs and circumstances. We often work closely in conjunction with other professionals such as your accountant and financial adviser to ensure a joined up approach to your personal and business planning.

For more information; click on the links below.

For a no obligation initial conversation with one of the team about how best we might help you call 0800 048 3625 or email: privateclient@morgan-cole.com