Telmar Estate Planning

Trust Planning

Use trusts to protect assets, support your loved ones and reduce inheritance tax.

Trusts provide flexible and powerful solutions to help you achieve your financial and family goals while protecting your wealth for generations to come.

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Why use trusts as part of your estate plan?

Protect your family

Ensure assets are available for your loved ones when they need them most.

Reduce inheritance tax

Effective trust planning can legally reduce the amount of IHT payable.

Protect assets

Shield assets from potential creditors, relationship breakdown or future risk.

Maintain control

Choose how and when beneficiaries can benefit from the assets.

Plan for the future

Support future generations and charitable causes that matter to you.

Types of trusts we can help with

Discounted Gift Trusts

Potent lifetime gifts outside your estate while retaining some benefit.

Loan Trusts

Make loans to trusts to remove value from your estate for IHT purposes.

Flexible Reversionary Trusts

Retain an income for life with assets passing to beneficiaries later.

Discretionary Trusts

Provide flexibility for trustees to decide how and when beneficiaries benefit.

Interest in Possession Trusts

Provide income for a beneficiary, with capital passing later.

Bare Trusts

Simple trusts where assets are held for beneficiaries absolutely.

Life Interest Trusts

Provide income for life with assets passing to beneficiaries on the death.

Charitable Trusts

Support causes you care about and achieve tax advantages.

Discuss the right trust for you

Expert Guidance

How Trusts Protect Your Family's Wealth

What a trust is

A trust is a legal arrangement where a settlor transfers assets to trustees, who manage them for the benefit of named beneficiaries. Trusts can be created during your lifetime or through your Will. Common types include bare trusts, interest in possession trusts, discretionary trusts and vulnerable person trusts. Each has different rules for control, income tax, capital gains tax and inheritance tax, so the right choice depends on your objectives. Trustees have legal duties to act in the beneficiaries' best interests, keep accurate records and invest prudently. A letter of wishes, while not binding, guides trustees on how you would like the trust to be managed.

Why families use trusts

Trusts can protect inheritances from a beneficiary's divorce, bankruptcy or poor financial decisions, provide for children until they are mature enough to inherit outright, and support vulnerable beneficiaries without affecting means-tested benefits. In second marriages, a protective property trust can let a surviving spouse stay in the home while preserving the children's share. Trusts can also form part of a wider inheritance tax strategy. A trust can also provide privacy, because unlike a Will that becomes public after probate, trust arrangements are not usually open to public inspection. This can be important for families with sensitive or complex circumstances.

Trust tax and HMRC registration

Most lifetime discretionary trusts fall within the relevant property regime, with a 20% entry charge on transfers above the available nil-rate band, ten-yearly charges of up to 6% and exit charges. Most UK express trusts must also be registered on HMRC's Trust Registration Service. Telmar explains these rules clearly, recommends suitable trustees and keeps your trust structure compliant and reviewed. Trustees may also need to file annual self-assessment returns and pay income tax at trust rates. Getting the structure right at the outset avoids unnecessary charges and keeps administration manageable for your chosen trustees.

How We Work

Our Proven Approach

1

Initial Consultation

We discuss your goals, family situation and financial circumstances.

2

Strategy & Recommendations

We design a tailored trust solution that meets your objectives.

3

Implementation

We prepare the trust documentation and guide you through the process.

4

Ongoing Support

We provide ongoing advice to ensure your trust continues to meet your needs.

Get Expert Advice Today

Speak to our inheritance tax specialists for a confidential, no-obligation consultation.

  • 01329 550190
  • admin@telmarestateplanning.co.uk
  • 9 Pier Street, Lee-on-the-Solent, Hampshire, PO13 9LD

Frequently Asked Questions

Your Questions, Answered

A trust is a legal arrangement where assets are held by trustees for the benefit of named beneficiaries, governed by terms you set.
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Ready to Protect Your Future?

Book a consultation today and take the first step towards peace of mind for you and your family.

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