Trusts & Estates2024-03-15T17:09:05+00:00

TRUSTS & ESTATES

Get in touch to discuss your tax 07813 434195 stephanie.churchill@churchilltaxation.co.uk

Trusts and estates can be overwhelming for anyone unfamiliar with this specialised tax area.

But our team of experts will cut through the confusion to ensure your trust or estate tax return is completed correctly, while protecting your funds and assets.

Whether you’re an executor, trustee, financial adviser, accountant or solicitor, we’ll make sense of complex legislation, so you comply with the law.

We can prepare your trust or estate tax return, complete your inheritance tax (IHT) forms and provide general advice. We can also deal with HMRC enquiries on your behalf.

And because our managing director and co-owner, Stephanie Churchill, is a member of the Society of Trust and Estate Practitioners (STEP), you can rest assured we’ll always act in your best interests.

TRUSTS

Despite changes in recent years, a trust can still be an effective method of protecting family wealth in the long term and can play a role in your inheritance tax planning. It’s a way of managing assets such as money, investments, land or buildings.

We’ll guide you through the process, starting with advising on whether a trust is the best option for you, and which one is most suitable. We can assist you in the setting up of a new trust or help to manage an existing one.

Your reasons for setting up a trust could include:

  • Matrimonial protection – to protect your assets for children and grandchildren in relation to future marriages
  • Will trust – to safeguard your assets after death, rather than leave them outright to beneficiaries
  • Education – to help your family with education costs
  • Vulnerable people – to provide financial support for a vulnerable person
  • Pension benefits – to ensure your family receive pension benefits tax-efficiently
  • Inheritance tax planning – to protect your assets from excessive taxes on death
  • Personal injury funds – to safeguard compensation received for a personal injury

ESTATES

By planning your finances as early as possible, you have a better chance of minimising the tax bill for your beneficiaries.

At Churchill Taxation, we’re experts in family inheritance and succession planning, which means we have the skills to help you prepare for the future.

We can act as your professional executor, taking responsibility for dealing with your financial affairs after your death and carrying out your wishes.

As part of this role, we’ll collect in your estate’s assets, such as money, property, personal possessions and shares. We’ll settle any relevant tax and debts, and distribute your estate in line with your Will.

Alternatively, we can assist your non-professional executors with the administration of your estate.

As experts in this area, we’ll translate complicated legislation to help you manage your trust or estate tax.

We’ll take away your tax return headache by tackling this complex document on your behalf, saving you valuable time.

Our independent, professional tax advisers will help you plan for a financially-healthy future, giving you peace of mind.

We have specialist knowledge of offshore tax and can help you with a range of ‘non-dom’ issues, to ensure you comply with the latest changes.

We’ll take away unnecessary stress by dealing with HMRC tax enquiries and investigations on your behalf.

Our property tax specialists will help you save money by ensuring your property business is tax efficient and compliant with the law.

We’re trained in dealing with the complex legal, financial and tax matters that are all part of the probate process.

Our team can guide you through the Spring Budget 2024 tax changes and help you prepare for the new measures.

Our tax expert witness service provides solicitors and forensic accountants with specialist tax knowledge for court cases and tribunals across the UK.

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