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Trusts Posts

Tuesday February 4, 2014 at 10:00am
I speak to a lot of clients about their estate planning and it has struck me that the reason many seem disinterested is that the industry has created a perception that estate planning is all about saving Inheritance Tax. Instead what clients are interested in is understanding and being able to articulate what they want to happen when they die. Once we have decided this they want to ensure that it does then happen. Tax saving is always important but keeping wealth in the family and avoiding famil....
Thursday October 10, 2013 at 6:39pm
Divorce is not easy at the best of times, but it’s the process of sorting out the finances when a couple split up that is often most difficult. It’s the area where great disagreements can occur and if you’ve not prepared adequately a great deal of family wealth can be lost. Quite often we read about divorce settlements where one party provides most of the assets but the courts split the pot equally or at least disproportionately to the way the bulk of the wealth was accumulated....
Tuesday July 6, 2010 at 11:23am
Discretionary trusts can be a good way of avoiding inheritance tax on your capital. They can also allow you to exert control over the trust assets by being a trustee. However, there is an entry tax (or chargeable lifetime transfer) of 20% on all transfers that exceed an individual’s inheritance tax nil rate band (£325,000 in 2009/10 tax year). This can be a major obstacle where assets exceed this amount. Normally a gift into trust is still chargeable to inheritance tax in the first s....
Parker Chartered Accountants and Financial Advisors is the trading name for Parker Business Development Ltd (Registered No. 4116664), Parker Tax and Trust Ltd (Registered No. 06950353) and Parker Financial Planning LLP (Registered No. OC347027). Parker Financial Planning LLP is authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales – registered office contact details here