Trusts and Estates

Our private client tax department can offer specialist knowledge in trusts and estates, whether for asset protection or tax planning purposes. They can also help you manage your estate in a tax-efficient manner. We offer an array of compliance and advisory services, including specialist advice on inheritance tax and succession planning, allowing you to plan for the future and ensure you maximise the benefits of your estate.


Our Trusts and Estates services:
  • Preparation of annual trust/estate accounts
  • Preparation and submission of the annual tax return
  • Preparing R185 certificates for beneficiaries of trusts and estates
  • Assisting with obtaining probate and the administrative necessities of valuing assets and changing ownership details
  • Acting in an individual capacity as a trustee or executor (Partners)
  • Advice on initially establishing and registering a trust
  • Inheritance tax advice
  • Preparation and submission of inheritance tax returns
  • Considering the use of deeds of variation to maximise the tax benefits to an estate.
Why choose us?
  • Tailored services to suit your needs
  • Fully-qualified team of advisors
  • We are already familiar with your financial, business and family circumstances
  • Locally based offices

Get in touch with your local office and speak to one of our specialist advisers about our Trusts and Estates services.

Client Review

Property Investor
I have always found Whiting & Partners helpful, reliable and always willing to discuss problems and advise on the best procedure.

Latest Blogs in Trusts and Estates
Andrew Winearls
8th November 2018 Probate Fees Hike

The government is to push ahead with plans to change the fees for applying for probate, which will see many executors faced with funding significantly higher fees in order to obtain probate to enable them to administer the estate. The changes, which are planned to come in from next April, will see the introduction of…

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Victoria Stokes
15th October 2018 Preserve your wealth

Discover how to manage your wealth effectively at our annual event led by our wealth management and tax experts. There will be three presentations followed by a light lunch – a great networking opportunity. Tax planning tips & traps Barbara Nicholas, Tax Partner at Whiting & Partners  Passing on Wealth – How hard can it…

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Jaimie King
20th August 2018 When an employee becomes a trustee

When an employee becomes a trustee it is important to consider what the salary is paying them for – either trustee duties or for their contractual employment. There are only limited circumstances when trustee boards can pay a trustee for carrying out their trustee duties. Whilst there is a general power to pay a trustee…

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Nick Edgley
18th December 2017 Trust Tax Demand errors

  HMRC are now issuing statements to taxpayers ahead of the 31 January 2018 tax payment deadline.   Unfortunately, for a large number  of trust taxpayers, HMRC’s calculation and statement is incorrect, resulting in HMRC demanding an incorrect amount.   HMRC’s Nottingham Trusts district is apparently aware of this issue, and is currently having to…

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Nick Edgley
12th October 2017 Trust Registration Service

  HMRC has released guidance for trustees and their agents for the new online Trust Registration Service (TRS) which has been operating since the middle of July. The new service replaces the old form 41G, as well as a section of the trust tax return used to report changes in trustee contact details.   Trusts…

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Barbara Nicholas
31st August 2017 Inheritance Tax – new exemption for residences

For deaths occurring on or after 6 April 2017, an additional exemption is available where a residence passes to a direct descendant.  At the moment, this amounts to £100,000 but it’s set to increase over the next few years, to a maximum of £175,000 in April 2020.  Commonly known as the Residence Nil Rate Band…

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Nick Edgley
31st August 2017 Life Interest Trusts and Mandated Income

With the taxation of dividends and interest having changed with effect from April 2016, many trusts may face the requirement to file an annual tax return and pay income tax on their income, even though the income (and credit for the tax paid) will also be declared by the trust beneficiary.   HMRC allow trustees…

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Nick Edgley
21st April 2017 Probate fee increases scrapped – for now…

The government’s proposed increase to probate fees – from the current £215 to a potential maximum of £20,000 – have been scrapped, as there will not be sufficient time for the regulations to pass through parliament before the snap general election. These changes were highly controversial due to the size of the increase – the…

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Barbara Nicholas
5th September 2016 Trust Residence Relief

Matrimonial Trusts: Mesher orders and CGT residence relief. When a marriage breaks down and there are children to consider, the Courts will often provide for a ‘Mesher Order’ – an order of the Court that the former matrimonial home is held on trust to provide a home for the children, typically until the youngest child attains…

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Barbara Nicholas
9th October 2014 Trusts & FACTA

Alert to ALL UK trustees: Registration may now be urgently required with the IRS. FATCA – the Foreign Account Tax Compliance Act – is US legislation aimed at reducing tax evasion by US citizens. It requires financial institutions outside the US to provide certain information about US customers to the IRS. A 30% withholding Tax…

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