Trusts & Estates Accountants

Protecting your family’s wealth is your top priority, and our expert team provides comprehensive tax advice as part of our Trusts, Estates, and IHT planning service. Our services are designed to be delivered in a tax efficient manner, ensuring that your finances are prepared for future generations and minimising your tax liability.

Trust Accountants in Sheffield

A trust could allow your family to avoid the lengthy and complicated probate process, saving money in legal costs and making sure your beneficiaries receive more of their inheritance.

Our team of expert tax advisors are experienced in creating and registering both taxable and non-taxable trusts with the Trust Registration Service, so you can rest assured your trust will be both tax-efficient and compliant. It is crucial to understand the complexities of tax rules regarding non-resident trusts, and we recommend seeking professional advice to navigate these challenges.

Tax Efficient Estate Planning Accountants in South Yorkshire

From making a will, giving gifts and transferring assets into trust, to retirement and exit strategy planning for business owners, we will guide you through the process of succession and estate planning, including granting authority over financial decisions to designated individuals to manage your financial affairs. We also offer advice on life interest trusts, where a life tenant can benefit from the income generated by the trust during their lifetime, with the capital assets designated to remaindermen after their death.

With experience in working with a diverse range of clients, our knowledgeable team of estate planning advisors can provide estate planning services for single persons, blended families, childless couples, and childless seniors, allowing you to direct your wealth and assets wherever you may wish in the most tax efficient way.

For more information, download our factsheets, The Importance of Estate Planning and Taking Charge of Planning Your Estate.

Inheritance Tax Planning Accountants (IHT)

Inheritance tax used to be something that only affected the very wealthy, but with property prices at an all-time high and the IHT threshold not increasing to match, more and more estates are falling into HMRC’s net. Trusts can be instrumental in reducing capital gains tax as part of wealth and estate planning strategies.

Our Inheritance Tax Planning service will ensure you make the most of lifetime gifts, trusts and life assurance policies to protect as much of your legacy as possible for future generations while emphasizing the importance of legal tax planning and avoiding illegal tax avoidance practices.

If you’d like to find out how our Trusts and Estates Planning service could help you prepare for the inevitable and provide for your loved ones, get in touch. Call us on 0114 274 7576 and speak to our Director of Tax, Alex, or email alexandra.higham@knowleswarwick.com.