Odiri Tax Consultants

& Accountants

Trust and Estate Tax Planning

Trusts and estates are complex areas which can affect most individuals. Whether it is about difficult tax rules for trusts or the financial implications of estate planning, getting it wrong can be costly.

Odiri Tax Consultants offer an estate planning service to all our private clients, regardless of size. Simple advance planning can help to avoid considerable amounts of tax, ensure that your estate passes in the way you desire, protect your wealth for future generations and eases the burden on your loved ones when you pass away.

We can advise you on the most efficient way to arrange your affairs and potential ways to reduce your Inheritance Tax (IHT) which can include:

  • Maximising the use of IHT reliefs
  • Ensuring your assets qualify for Business Property or Agricultural Property Relief where relevant
  • Making lifetime gifts both to other individuals and into trust
  • Reviewing life assurance policies and ensuring proceeds are paid tax efficiently
  • Reviewing pension arrangements
  • Calculating and documenting gifts out of income
  • Freezing assets and removing capital growth from your estate
  • Converting assets into those which would enjoy IHT reliefs
  • Claiming deceased spouses nil rate band
  • Maximising the use of the nil rate band for successive marriages
  • Facilitating the establishment of trusts
  • Advising on and coordinating trust reorganisation

Trust Tax Planning

​Trusts can be of great benefit, not only in minimising tax liabilities but also protecting the family’s wealth for the benefit of future generations. They provide a means by which an individual can give away assets, and provide a benefit to others, whilst retaining control and ensuring those assets do not become part of the beneficiary’s estate.

Odiri Tax Consultants can provide advice on the different types of trust that are available, the tax implications of each and which would be most suitable for you. We can also review existing trust arrangements and consider their suitability for planning your own and your family’s affairs for the future.

Odiri Tax Consultants can also  assists in the administration of trusts both in terms of tax returns, accounts and all necessary formalities, and our partners act as trustees.

If you would like to take advantage of our free IHT health check, or if you wish to discuss IHT more generally,  please contact Loveth Watson on 01733808075 or complete form on the right.