Tax Planning & Trusts Solicitors Dursley

As we get older, it is vitally important that you take the  time to prepare a Will, one that will take care of those you love, once you’re gone. Even though you might have a Will in place, you may not be aware of the potential tax implications that your loved ones will face once you’ve passed.

At Redkite Solicitors, we recognise how important it is to distribute your estate according to your wishes. Our tax and trust experts are here to help guide you through tax planning and trusts, helping you pass on your hard earned assets to your loved ones; in the safest and most cost-effective manner.

For further advice from our Tax and Trust team call 01453 547221 or complete our online enquiry form.

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Why choose our Tax and Trusts Solicitors?

You can count on our experts to help you take care of your needs; preparing your estate or advice on how to start the process. Our Will and Probate solicitors have extensive experience of all aspects of trust planning and can offer detailed guidance helping you reduce any heritage tax due to your property.

Every individual has their own particular concerns and responsibilities, we do not implement the same methods to every case. We take the time to understand the individual circumstances and to establish a tailored approach to suit your needs.

Our main objective is to secure the things you’ve worked hard for and to help you make plans for those that you are leaving behind. This is carried out pragmatically with clear and straightforward communication.

With offices across Dursley, Cardiff, Carmarthenshire, Pembrokeshire, Swansea, Gloucestershire and Ledbury, you can contact us to speak to a member of our Tax Planning and Trusts team.

For further advice call 01453 547221 or complete our online enquiry form.

What our clients say

I was very pleased with the courtesy of the ladies who attended to my requests and particularly so at the time when I had my accident – they were extremely helpful.

Paul James' support has been invaluable in effectively progressing key contractual requirements. His knowledge and expertise in contract and procurement matters is exceptional. Would not hesitate to engage Paul's services again in future should the requirement and opportunity arise.” (dated March 2017).

The reason I used Redkite is that most solicitors don’t have the area of expertise that I required.

Redkite have provided assistance through several particularly difficult issues. Their advice has been professional, thorough and specifically tailoured to the needs of our business. The staff are approachable, knowledgeable and realistic in the advice they provide.

Redkite were recommended to me and I would do the same, fantastic service.

I have to say that everyone I have come into contact with from the receptionists to the solicitors have always been excellent. The advice I have been given formally and informally has always been clear and concise which is always a weight off your mind when you are dealing with the affairs of your loved ones.

How can our Tax and Trusts solicitors help you?

We have extensive experience in various Tax and Trusts sectors, our solicitors specialise in:

  • Trusts – a legal agreement in which you give another person permission to take control of investment, funds or assets to a third party’s benefit. If you put money into a Trust, you will no longer own the assets. That means they won’t contribute towards the Inheritance Tax threshold.
  • Appointing Trustees
  • Acting as a Trustee
  • Administering the Trust – a trust is administered by a trustee, and the beneficiary is the third party who benefits from the trust.
  • Lifetime Tax Planning – important for those with assets that are priced at more than the level of inheritance tax.
  • Lifetime Gifts
  • Succession Planning
  • Post-death Tax Planning – in some cases, a person passes away without completing their lifetime Tax Planning. If this is the case, a loved one can still mitigate the tax liability by implementing post-death tax planning strategies.

While Wills and Trusts are the key resources for tax planning, as part of our overall tax preparation approach, we can help in the gifting of business and personal assets over your lifetime. If a case needs further guidance, we can work together with solicitors, accountants and qualified financial advisers to identify the right-fit  solution for you.

You can contact us today for guidance on tax planning and trusts. Call 01453 547221 or complete our online enquiry form.

Tax and Trusts FAQs

What is a Trust?


Establishing a relationship is of great benefit to those who want to make arrangements for their loved ones once they have passed away. This is a legal arrangement which grants a third party the right to manage these assets for a specified period of time. The trustee is deemed to be the individual in charge of the property and assets.

What is Inheritance Tax?


Inheritance Tax is the tax required to be paid to the Government on the basis of the interest of the properties inherited. The official requirement for inheritance tax is £325,000. If the inheritable estate is worth less than this then you do not have to pay inheritance tax. If the amount is £325,000 or more you will be charged. The rate is 40% of any amount over the threshold.

By introducing these policies, the taxes payable to the government can be reduced. A common method for reducing Inheritance Tax is to set up a Trust. You won't own any money you put into trust, and instead, it is handed on as a gift to your beneficiary. This ensures that your dependents receive full value of your assets while at the same time reducing the estate's total value. If your estate is just above the threshold this strategy will be useful to you.

Why should I set up a Trust?


Setting up a trust will minimise inheritance tax and could remove taxes entirely. Another important factor in considering trusts is whether there is a reason why the children or beneficiaries cannot handle their own assets. If this is the case, you can instruct the Trustee to supply the beneficiary with funds on a daily basis and ensure they are covered.


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