Trust, Tax & Estate Planning

At Birchall Blackburn Law we build strong personal relationships with business and individual clients to ensure the advice we provide is tailored to their individual needs. We are happy to work with your accountant or financial adviser to find a cost-effective, seamless solution.

Our trust team, recognised as one of the most highly respected in the North West, is led by Kristina Smith. Kristina regularly addresses seminars on wills and inheritance tax for business organisations, MENCAP, private individuals, entertainers and the medical profession.

As part of our Trusts, Tax and Estate Planning service, our specialist team will offer practical advice on:

Inheritance tax and capital gains tax planning
Trust and tax planning for individuals and businesses
Creation of Interest in Possession Trusts and Discretionary Trusts
Winding up of Trusts
Tax treatment of trusts
Trusts for vulnerable beneficiaries
Protection of pension and life policy lump sum death benefits
Preserving business property relief and agricultural property relief
Succession planning for individuals and businesses
Asset preservation
Post-death arrangements/deeds of variation

Wills & Inheritance Quality Scheme and The Association of Lifetime Lawyers (ALL)

We are proud to be members of the Law Society’s Wills & Inheritance Quality Scheme (WIQS), a prestigious mark of high quality which requires us to provide enhanced standards of expertise, client care and service. Some individual people in our team also have additional specialist qualifications as members of respected professional bodies such as: the Society of Trust & Estate Practitioners (STEP), The Association of Lifetime Lawyers (ALL) and the Law Society’s Private Client Section.

When is a Trust useful and other questions about Trusts, Tax and Estates planning?

What is an estate?

An estate is everything someone owns including, but not limited to, houses, land, vehicles, cash, jewellery, personal possessions, bank accounts, shares, investments and businesses.
What is a Trust?

A trust is a legal way of holding assets for a beneficiary (person named in a Will) on behalf of a trustee (the person who owns the estate). In fact, a beneficiary or a trustee can be multiple people or even a company. The legal documentation identifies the assets in an estate and names the beneficiaries.
What are the advantages of a Trust?

A Trust can be very beneficial in certain circumstances. It can be a great way to protect family assets, especially in the event of a divorce. A Trust can also be handy if the beneficiary is a child and, therefore, too young to handle their affairs. Sometimes, Trusts are used when a person can’t manage their affairs due to illness (such as dementia). You can use a Trust to pass on assets while you’re still alive – for example, if you want to help your children get onto the property ladder. If your estate is liable for Inheritance Tax, then your beneficiary will be able to use a Trust to cover the costs.
How much does it cost to set up a Trust?

The cost varies depending on what is involved and the work required. All clients have an initial no obligation meeting to discuss their needs. Once we have a thorough understanding of the work to be undertaken, we will provide a fixed fee estimate and give you information about the funding options available to you. We are happy to discuss flexible payment arrangements.

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- Did you know?

The longest will in the world was 95,940 words (or 1,066 pages).

Hear it from our clients

LB

Fabulously helpful, friendly and efficient – thank you.

JF

Excellent service. Jessica was extremely courteous at all times.

JLC

I was treated with respect and civility at all times.

EP

Home visits are a good service that you provide!

CGH

Very helpful.

SD

I was happy with the service provided.

ES

Excellent customer service. Everything excellent.

JKV

Everything went well – thanks.

Let's start the conversation

Reach out now for free and confidential initial advice. Simply call, email or request a call back and one of our experienced team members will be in touch to help you with your legal needs.

0800 614 722

enquiries@birchallblackburn.co.uk