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Trusts, Probate & Legal Services

Probate is the legal and financial process of dealing with the property, money and possessions of a person who has died.


Using Trusts for wealth planning

Trusts can be useful for clients looking to preserve existing wealth within their family for both now and the future. In the right circumstances, trusts can be a secure, flexible and potentially tax efficient way of allowing assets to be passed down through the generations. Trusts can also be used to ensure that only designated people can benefit from your estate, which is important for clients wishing to protect against divorce or who have complex family arrangements.

Our knowledge of the tax rules relating to trusts and estates is wide ranging and we are able to advise on situations where a trust may prove beneficial, including assistance in establishing and running a trust, plus dealing with all compliance requirements.

Taxation of Trusts and Estates

We offer a variety of tax and planning services to assist in the complicated taxation matters that can arise including:

  • Preparing trust self-assessments.
  • Preparing statements of estate income and forms R185 for estate income distributions for trust beneficiaries.
  • Calculating the inheritance tax position, completing any necessary inheritance tax forms and agreeing any liabilities with HMRC.
  • Capital gains tax planning for trust beneficiaries.
  • Estate planning to mitigate future inheritance tax liabilities.

Navigate the complexities of probate

Fogwill & Jones Legal Services Limited is an independent law firm that trades alongside Fogwill & Jones Wealth Management. This is a huge benefit to our clients as they can access both financial advice and legal advice under one roof.

Fogwill and Jones offers a combined probate and inheritance tax planning service if you are in the unfortunate position of having to conclude the financial administration associated with a loved one who did not leave a will or conduct inheritance tax planning; the same situation should not arise again. Our service is designed to let you swiftly complete probate and put measures in place to minimise the amount of inheritance tax your family will be liable to pay.

Their services include all legal aspects involved in estate planning collaborating with our sister company Fogwill Jones Legal Services Ltd which has a member of the Society of Trust and Estate Practitioners (STEP), the global professional association for practitioners who specialise in family inheritance and succession planning.  STEP members are internationally recognised as experts in their field with proven qualification and experience.

Fogwill & Jones Legal Services, also specialise in providing advice relating to Wills, Lasting Powers of Attorney, Trusts and the administration of estates. They provide efficient, concise and understandable legal services and guidance.

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