Tax & Trust Solicitors Pembroke

It is crucially important that we have a Will drawn up by a professional solicitor. As we get older, it is important to take the time to set out your wishes, for those you love, when you have passed. While you may still have a Will in effect, you may not be informed of the potential tax implications that your loved ones may face once you’ve passed away.

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At Redkite Solicitors, we understand how necessary it is to disperse your estate according to your wishes. Our tax and trust experts are here to help steer you through tax planning and trusts, helping you hand over your assets to your loved ones in the best and most cost-effective manner possible.

Why choose our Tax and Trusts Solicitors?

You can rely on our experts to help take care of your best interests; whether in the preparation of your estate or to guiding you on how to continue the process. Our team of specialists have comprehensive experience of all aspects of trust planning, we can offer realistic guidance to help you reduce potential inheritance tax, related to your assets.

We understand that every client is unique. Every individual has his or her own particular concerns and responsibilities. We do not apply the same method to every case, we offer a bespoke service. We take the time to understand an individuals circumstances and to create a personalised strategy to suit your needs.

Our key goal is to protect the things you have worked hard for, and to help you prepare for those you’re leaving behind.

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

Contact us today by calling 01646 683 222 to talk to a member of our Tax and Trust team.

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 experts specialise in:

  • Trusts – A formal arrangement under which you grant another individual the ability to gain possession of your assets, or a trust for the benefit of a third party. If you invest money in a trust you would no doubt own the property as long as all requirements are fulfilled. It means that they do not contribute to the Inheritance Tax rate.
  • Appointing Trustees
  • Acting as a Trustee
  • Administering the Trust – Trusts are treated accordingly based on the form of assets involved. The trust is managed by the trustee and the beneficiary is a third entity who profits from the trust.
  • Lifetime Tax Planning – Is important for those with properties that are priced at more than the level of inheritance tax.
  • Lifetime Gifts
  • Succession Planning
  • Post-death Tax Planning – In some circumstances, a person dies without completing his or her life of tax planning. If that is the case, a loved one can still reduce tax liability by implementing post-death tax planning strategies.

While Wills and Trusts are the key instruments for tax planning, as part of our overall tax planning policy, we will assist with the transfer of business and personal property over your lifetime. When a case needs further guidance, we will work together with specialist experts, accountants and professional financial advisors to identify the right options for you.

You can contact us today for more guidance on tax planning and trusts.

Tax Planning and Trusts FAQs

What is a Trust agreement?


A trust agreement is a document that sets out the rules that you want followed, for property held in trust for your beneficiaries. Some of the common objectives for trusts are to reduce the estate tax liability and to protect property in your estate, and to avoid probate.

What is Inheritance Tax?


Inheritance tax is the tax payable to the government on the basis of the value of the assets inherited. The standard threshold for inheritance tax is currently £325,000. If the inheritable estate is worth less than this number, you do not have to pay inheritance tax. If the cumulative sum is £325,000 or more, inheritance tax would be paid. The cap is 40% of every volume in excess of the mark.
Our dedicated team will ensure that you receive the help you need. Different strategies are applied on the basis of individual situations and issues.

Why should I set up a Trust?


Setting up a trust would reduce inheritance tax and may even totally eradicate it. Another significant consideration in evaluating trusts is that there is a justification that your children or beneficiaries cannot control their own funds. If that is the case, you must order the Trustee to supply the receiver with funds on a daily basis and to ensure that they are secured.

Trusts are often important to those who depend on ability problems, such as mental illness. Many people may not be in the best position to handle their finances.


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