Trusts and
Inheritance Tax
Plan Ahead, Protect What Matters
Inheritance Tax (IHT) can take a significant toll on the wealth you’ve worked a lifetime to build. Without careful planning, your estate could face unnecessary tax burdens, leaving less for your loved ones.
At My Tax Consultants, we help individuals and families navigate the complexities of trusts, IHT planning, and succession strategies with clarity and confidence. Our approach is strategic, compassionate, and entirely bespoke—because no two families or estates are the same.
Preserve Wealth & Pass It On Wisely
Trusts and Inheritance Tax (IHT) are essential tools in effective estate planning. A trust lets you set aside assets to be managed for the benefit of others, often children, grandchildren, or vulnerable family members.
However, Inheritance Tax can reduce what your loved ones receive unless it’s planned for strategically. Trusts, when used correctly, can help reduce IHT liabilities and safeguard family wealth.
Why It Matters
A well-structured plan isn’t just about tax—it’s about preserving your legacy, minimising conflict, and ensuring that your intentions are honoured long after you’re gone.
Whether you’re reviewing your will, exploring lifetime gifting, or considering family trusts, we help you design a roadmap that supports both your personal wishes and financial efficiency.
Legacy Planning That Lasts
We work with you to design and implement tax strategies that make the most of available reliefs and exemptions while giving you peace of mind and control over how your estate is managed. Our Trusts and Inheritance Tax services include:
- Tax-efficient willstailored to your family and asset structure
- Reviewing and updating existing willsto align with current tax law and family circumstances
- Establishing and managing truststo protect wealth while retaining a degree of control
- Strategies for lifetime givingthat balance generosity with tax awareness
- Advising on Capital Gains Taximplications tied to gifts and asset transfers
- Setting up family investment partnershipsand asset restructuring for multi-generational planning
- Navigating complex areas such as gifts with reservation of benefit, pre-owned asset rules, and business relief
Trusts: Still Relevant, Still Powerful
While the tax advantages of trusts have evolved, they remain a vital tool for:
- Shielding family assets from future liabilities or disputes
- Facilitating smooth intergenerational wealth transfer
- Supporting vulnerable beneficiaries with managed access to funds
- Achieving IHT reliefin ways that standalone ownership often cannot
We also advise married business owners on how certain trust arrangements may allow for doubling IHT exemptions on the same assets—a strategy often overlooked.
It’s More Than Tax Planning
Good estate planning is about more than saving tax. It’s about ensuring your wishes are clearly articulated, your beneficiaries are cared for, and your wealth is protected. We take the time to understand your values, family dynamics, and financial goals to craft a solution that truly fits.
Ready to Take Control of Your Legacy?
Let’s talk about how we can help you create a plan that safeguards your estate and supports your family’s future.
