Inheitance Tax Planning Lawyers

One way our wills, trusts and estates solicitors help preserve assets within a family over several generations is by the use of trusts. Although trust laws have been limited since 2006, there are still ways for families to use trusts to help plan with and protect their assets.

By creating a trust you can give assets away but retain flexibility over who will benefit from them and when. A trust allows your estate to be protected from children who are not yet financially responsible, from a fragile marriage or from uncertain financial circumstances.

If inheritance tax may be an issue for your family, it can be reduced; if not completely then often substantially, by making use of:

  • Personal gift exemptions
  • Gifts of income (rather than capital) so long as these do not leave you short of income to maintain your standard of living
  • Planning, where possible with death benefits (either from employment or life assurance policies) and placing these into trust

Some types of property including certain business assets (such as shares in a family partnership or company) and agricultural property can be passed on free from inheritance tax, or at a discounted value for inheritance tax purposes. This can be done while you’re still alive or through your will.

Contact us for help

For personal tax advice from the experienced team of trust solicitors at Lupton Fawcett, call our Leeds, Sheffield or York office using the numbers above. We can assist with personal tax or trust planning, and can advise you to ensure your assets are working to full capacity to benefit you and your family.

Why Choose Lupton Fawcett?

Having advised and supported many local families, individuals and businesses, we are proud to offer clients a dedicated service from specialist solicitors who are experts in their field:

We're Award Winning

We were awarded the Legal 500 HR/Employment Law team of the year in 2017

We're Connected

We're connected to the people, businesses and infrastructure throughout Yorkshire

We Put You First

You can be sure to expect superb client service from us. Our clients are our priority

We're accredited

Recognised by leading Legal Directories Chambers & Partners and the Legal 500

Get In Touch Today!

Get In Touch Today!

Please complete this form to make an enquiry and we will get back to you as soon as we can.

Remember you can still call us on 0333 323 5292 or email us at law@luptonfawcett.law

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