Family Trusts Financial Planning in Cheltenham
Family Trusts…
I want to protect my family’s wealth and make sure it ends up in the right hands…
Family Trusts Financial Planning in Cheltenham
Family Trusts…
I want to protect my family’s wealth and make sure it ends up in the right hands…
Family trusts can be a powerful way to safeguard your assets and provide long-term financial security for the people you love. Our expert financial advisers in Cheltenham can help you decide whether setting up a family trust is right for you and how it should fit into your broader financial plan.
How the process works
We provide end-to-end family trusts financial planning to families across Cheltenham and the Cotswolds. Here’s how we can help you create and manage a family trust that preserves and passes on your wealth efficiently:
Step 1: Clarifying your goals
We start by listening to what you’re trying to achieve. Do you want to protect your assets for your children, support a vulnerable relative, or manage your inheritance and family trusts for tax efficiency? Your priorities will shape every aspect of your financial plan.
Step 2: Reviewing your estate
We’ll build up a clear picture of your assets, including your property, investments, pensions, and cash, and map out any potential risks. We’ll also identify how family trusts could work alongside your wills, letters of wishes, beneficiary nominations, and protection policies.
Step 3: Designing the right trust strategy
Working closely with your solicitor or accountant, we’ll recommend suitable structures for your trusts. We’ll consider tax, control, cost, and administration, ensuring the final solution supports your long-term wealth planning. But if a trust isn’t the most appropriate option for you, we’ll be sure to tell you.
Step 4: Implementing and reviewing
Our support doesn’t stop once your trust is in place. We’ll keep your trust running smoothly by reviewing trustee arrangements, monitoring your cashflow and investments, and updating the plan whenever legal, tax, or family circumstances change.
“I’m afraid I dumped the whole problem in Piercefield Oliver’s exceptionally capable hands. They found a brilliant accountant to advise on CGT, who identified and helped me appoint new offshore trustees. They sorted all the paperwork and spent time with me to gain an understanding of the family dynamics and my cousins’ actual needs. They reviewed the existing investments and created an investment strategy that will help support my cousins financially during their lifetimes.”
Sophie Butcher
Tailored trust planning in Cheltenham
“I’m afraid I dumped the whole problem in Piercefield Oliver’s exceptionally capable hands. They found a brilliant accountant to advise on CGT, who identified and helped me appoint new offshore trustees. They sorted all the paperwork and spent time with me to gain an understanding of the family dynamics and my cousins’ actual needs. They reviewed the existing investments and created an investment strategy that will help support my cousins financially during their lifetimes.”
Sophie Butcher
Tailored trust planning in Cheltenham
“In 2012, I was appointed Protector of a hugely complex off-shore family trust on behalf of two cousins one in the UK and one abroad, I was completely daunted.
While I have no expertise or experience in off-shore trusts, I knew enough to recognise all was not right. The corporate trustees were working with a firm of stockbrokers but it became evident to me that there was a big disconnect between the planning needs of my cousins and the way both institutions administered and managed the trust and its investments. All I could see was thousands of pounds a year being taken out in fees, and for what? There were major issues with capital gains tax that had never been addressed. The investment portfolio felt wobbly, with everything invested in a relatively small number of UK shares. All in all, I felt dangerously exposed as Protector.
My problem is that I didn’t understand the issues: I didn’t know trust law, I couldn’t come up with sound investment strategies, or get my head around capital gains tax.
I’m afraid I dumped the whole problem in Piercefield Oliver’s exceptionally capable hands. They found a brilliant accountant to advise on CGT, who identified and helped me appoint new offshore trustees. They sorted all the paperwork. They spent time with me to gain an understanding of the family dynamics and my cousins’ actual needs. They reviewed the existing investments and created an investment strategy that will help support my cousins financially during their lifetimes. They are now managing the investment portfolio.
Essentially, we discussed what I wanted to achieve, and Piercefield Oliver made it happen. I can now breathe easy knowing everything is shipshape and wisely invested for the long-term benefit of my cousins.”
Sophie Butcher
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Book your free consultation with a local financial adviser
Click the button below to book your free consultation with one of our financial advisers for family trusts in Cheltenham.
Frequently Asked Questions
A family trust is a legal arrangement where trustees hold and manage assets such as property, investments, or savings for chosen beneficiaries. It allows you to decide how and when your wealth is used, providing structure, control, and potential tax advantages. It can also help protect your assets from future claims or challenges.
Yes, trusts must be drafted correctly by a solicitor. A solicitor drafts the legal documents and ensures your trust meets UK regulations. We’ll coordinate the financial plan and work alongside your solicitor (or introduce one) to ensure your trust is compliant and aligned with your long-term goals.
Costs can vary depending on the type of trust, its complexity, and the professional support required. After an initial consultation, we’ll provide a transparent quote with no hidden fees. That way, you’ll know exactly what’s included before you proceed.
A trust can reduce your inheritance tax in many cases. Transferring assets into a trust can remove them from your taxable estate, reducing your potential inheritance tax liability. We’ll assess your situation carefully and explain how different trust structures will affect your tax position.
Trustees can be family members, friends, or professionals. They must manage the trust in line with your wishes and legal obligations. We can guide you on how to choose and support them effectively.