Trusts and estates

Personal Tax services

Trusts and estates

Empowering your family's future with comprehensive wealth planning solutions

Navigating the complexities of trust and estate planning is essential for safeguarding your legacy and providing for your family's future. At RJP, we offer expert guidance to make wealth preservation through trusts and estates both understandable and accessible. Whether you're looking to protect your assets from unforeseen circumstances, ensure specific family members are cared for, or minimise future tax liabilities, our tailored solutions are designed with your best interests in mind.

What are the types of trust in the UK?

Bare trusts:
Where trust assets are held by the trustee on behalf of the beneficiary, usually without a complex legal trust document. The beneficiary is fully entitled to all of the capital and income of the trust once they reach 18 years of age;
Interest in possession trusts:
These entitle the beneficiary to specific assets and also entitle the beneficiary to the income from the trust (less any expenses incurred);
Discretionary trusts:
This type of trust is set up for a class of beneficiaries with the trustees having control over the distribution of trust income, and in some cases, capital.

Why choose our Trust and Estate services?

Expert advice:
Our tax experts are highly experienced in all facets of trusts and estate planning, ensuring that your financial legacy is secure and tax-efficient.
Tailored Solutions:
We understand that every family’s situation is unique, which is why we offer personalized advice to match your specific needs.
Tax efficiency:
Navigate the complexities of taxation with confidence. Our strategies aim to maximise tax planning benefits and reduce liabilities.
Comprehensive support:
From establishing and running a trust to dealing with all compliance requirements, we’re with you every step of the way.
Peace of mind:
Knowing your trust tax affairs are in professional hands allows you to focus on what matters most – your family’s well-being.

Our Trust and Estate services include:

Advice on the inheritance tax, capital gains tax and income tax implications of establishing a trust:
Advising on the tax implications to all parties, both on settlement and in the future.
Preparation of Trust and Estate accounts:
Annual and interim accounts, with comprehensive documentation for all types of trusts and estates.
Taxation of Trusts and Estates:
Specialised services including preparation of self-assessments, finalising the deceased’s tax affairs, estate income distributions, and inheritance tax planning.
Estate distribution and planning:
Effective strategies to curtail future inheritance tax liabilities, ensuring a cost-effective distribution of your estate.

Committed to giving you peace of mind

At RJP, we understand the importance of planning for your family’s future. Our dedicated team is committed to providing you with peace of mind through our expert trust and estate services. With RJP, you can rest assured that your legacy and your loved ones are protected. We prioritise clear communication, personalised advice, and a comprehensive approach to ensure your estate planning is as smooth and stress-free as possible.

Ready to secure your family’s future?

Don’t navigate the intricacies of trusts and estate planning alone. Discover how RJP can help you achieve peace of mind for yourself and your loved ones. Contact us today to schedule a consultation and learn more about our tailored Trust and Estate services.

Talk to us

How to get onboard with RJP

Talk to us

Have an initial discussion with a member of the RJP team to identify ways we can enhance your business's growth with our comprehensive support and strategic advice.

Hassle-free migration

Choose RJP and we'll smoothly manage all transitions, handling paperwork, coordinating with your current accountant, and ensuring no deadlines are missed for a worry-free experience.

A pathway to growth

Finally, we will send you the required documents to sign and return, leaving you to continue leading your business, backed by our abundant, responsive advice and support.

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Here’s what our clients have to say

Hear directly from our clients about how RJP's personal, straightforward approach has made all the difference in their business and personal success.

"I just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office."

"I wanted to write and express our gratitude for your help and hard work in getting Probate through and settling all the taxes. I am so pleased that we selected RJP, as your professional help and updates throughout this process have been invaluable. If at any time in the future Probate assessment may be needed, you will be our first port of call. Once again, many thanks to the whole team."

"I would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone."

"Just a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks."

"RJP provide our company with a complete service which takes the stress and strain away from the day to day running of our accounts! Their understanding of our business and their patience and advice is invaluable."

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FAQs

At RJP, we understand that keeping a finger on the pulse of your business's health is crucial. That's why we offer management reporting services—think of them as a regular health check for your company. These insights show you the real-time performance of your business, helping you make informed decisions to nurture and grow your enterprise.

We love seeing your business flourish! Growth and improvement are at the heart of our practical advice. From the ins and outs of everyday operations to big-picture strategic moves, we're here to offer clear, actionable steps that can propel your business forward.

We know dealing with the issue of compliance and auditing can be less than thrilling. That's exactly why we're here—to handle the complex stuff so you don't have to. We offer comprehensive compliance services, ensuring everything is up-to-date without you having to wade through a sea of regulations.

Absolutely! There's a world of opportunity out there to support your business financially, and we're well-equipped to be your guide. We can help you understand and access HMRC’s tax relief schemes that are relevant to you and your business, making sure you're not missing out on any potential benefits.

When you need us, we're just a call or an email away—no question is too small or too large. We're known for our quick responses and our fixed fees mean you can reach out without worrying about unexpected costs. Plus, we always keep things simple and straight to the point. We're not just your accountants; we're part of your team, ready to support both your business and personal needs.