Why Ongoing Advice On Trusts Is Essential?

Inheritance Tax planning today can be a little complicated and so advice on trusts is essential. The increased flexibility within schemes, the integration with pensions advice, the role of trustees and the need for regular investment reviews

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Why ongoing advice on trusts is essential?

Inheritance Tax planning today can be a little complicated and so advice on trusts is essential. The increased flexibility within schemes, the integration with pensions advice, the role of trustees and the need for regular investment reviews, are all important. Most reasonably wealthy people these days prefer solutions which are more sophisticated than the simple selling of packaged products. The combination of a bespoke, highly flexible discretionary or reversionary trust, containing a directly invested portfolio of collectives, run by an investment manager with strong risk controls to meet the requirements of the trustees, is now the minimum acceptable standard. Loans or appointments to beneficiaries from the trust are very useful which are unlikely to ever be challenged by HMRC as long as everything is transparent and carefully documented. Professionally drafted and managed trusts of this nature are complex in nature and not simply ‘stack it high, sell it cheap' packaged products. There is always a real need to ensure that the detailed drafting of trust itself is as watertight as possible and flexible enough to cope with both the settlor's and beneficiaries changing circumstances. To help secure that uncertain future and to ensure that the advice on trusts and investments are both managed and administered properly, it is essential that the trustees have a strong ongoing support structure to keep up to date in any changes in legislation and market movements. Dealing with the investments, the changing needs of beneficiaries, adding further beneficiaries to reflect changing family circumstances, keeping good records, including trust accounts, trustee considerations and decisions, and dealing with any tax returns, are some of the more important tasks. All of these require ongoing support. It is not only the 40% IHT saving which is relevant but ensuring the needs of all parties to the trusts are met on an ongoing basis which is important. The small relative cost of paying a professional fee for experienced help and advice on trusts to ensure you accrue these benefits is always money well spent. If you have an Inheritance tax problem please contact us for a chat to discuss how we can help

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"It is gratifying to finally come across an adviser who gives sensible ongoing advice which is very client focused."

Frank Hibberd

Retired gentleman

"It is nice to know that we can now be certain that our daughter will inherit our money without giving a large slice of it to the government ."

Tony & Sue Perriss

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Bobby Chadda

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Michael Mahon

Retired gentleman

"Charles was really helpful from the outset and quickly clarified our situation for us... I have used Bluebond for  IHT and other tax advice and they have been very helpful with both. Charles is a very experienced and knowledgeable individual and I highly recommend Bluebond's services."

Sam Attenborough

Retired gentleman

I have used Bluebond for setting up a discretionary trust for my children as well as inheritance tax and estate planning for my home and  other properties. Having searched for years, it was only after meeting and speaking with Charles that I felt confident enough to take these next steps, and I'm very glad I did. His ability to explain complex issues in simple terms and walk you through every step of the process is quite simply unparalleled.

Imran Qureshi

Excellent and comprehensive advice concerning all things financial in one place. Enthusiastic, Educational, Expert, value oriented, Professional and Polite are adjectives that come to mind as well as great attention to detail.

Deirdre Buckley

Inheritance tax is a minefield. Charles de Lastic of Bluebond Tax Planning is the best in the business at helping you to chart the path that is right for you to ensure your estate is structured in the most tax efficient manner.

Nicholas Dickinson

Charles provides clients with valuable insights that clearly demonstrate expertise built over the years. Charles and his team guided us through a estate planning journey and then addressing complex Inheritance Tax matters. They have been very transparent with their advice and cost. Overall an excellent service. Highly recommended

Shailesh Karia

The information contained in this web site is for UK consumers only.  Like most firms of solicitors and accountants, Bluebond Tax Planning is not regulated by the FCA. The content of this website does not constitute FCA regulated financial advice and all content is provided for general information purposes only. Bluebond is not responsible for any action you may take as a result of information on this site. All advice will be delivered on a personal basis once we fully understand your situation and our client agreements have been signed.

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