Tax and Trust Planning

For business owners and directors, personal and business finances are closely linked.

We provide clear, commercially focused advice to help you make informed decisions with confidence.

Protect your wealth. Plan with confidence.

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Effective tax planning, together with the right wills and trust structures, ensures your wealth is protected, passed on efficiently, and aligned with your long-term goals.

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Wills for Business Owners

For business owners, a standard will often isn’t enough.

We ensure your will:

Reflects your business interests
Works alongside shareholder or partnership agreements
Protects your family and business
Minimises tax exposure

Tax and Trust Planning

Trust Planning

Trusts can play a key role in protecting and managing wealth.

We advise on:

Asset protection
Providing for future generations
Managing inheritance tax exposure
Maintaining control over how assets are used

Inheritance Tax Planning

We help structure your affairs to reduce unnecessary tax burdens, including:

Business Property Relief (where applicable)
Lifetime gifting strategies
Trust-based solutions

Find out more about specialist Tax & Trust planning in our frequently asked questions below.

Get in touch with our team today to arrange a meeting with one of our experts. Call us on 0800 118 1500 or complete our form below.

Why Should I Trust Talbots Law With My Tax and Trust planning?

Your personal planning should work seamlessly with your business structure and reflect the nuances and individualities of your life, wishes and personal circumstances.

At Talbots Law, our solicitors are known for combining legal expertise with a practical, business-first approach. We act for business owners, directors and senior professionals across a wide range of sectors, from owner-managed businesses and family companies to SMEs and larger corporate organisations.

Why thousands of people choose Talbots Law, every year:

Recognised quality – We are among the first firms in the region to achieve the prestigious Lexcel quality mark and proudly hold rankings in the Legal 500 and Chambers & Partners for our work.
Trusted by clients – With thousands of 5-star ratings on Trustpilot and ReviewSolicitors, our reputation speaks for itself.
Specialist dispute expertise – Our Trusts and Estates team has extensive experience providing support with sensitivity and authority.
Clear and transparent pricing – We provide upfront cost estimates and practical fee options wherever possible.

Our aim is simple: to help you feel confident that you’ve put the right structures in place for long-term security.

Frequently Asked Questions

Why do business owners need a specialist will?

A standard will may not fully account for business assets or ownership structures. A specialist will ensures your business interests are properly dealt with, aligns with shareholder or partnership agreements, and helps protect both your family and the continuity of the business.

How can I reduce inheritance tax on my business assets?

There are a number of ways to manage inheritance tax exposure, including reliefs such as Business Property Relief, lifetime gifting, and the use of trusts. The right approach will depend on your personal and business circumstances, so tailored advice is essential.

What is a trust and when should I consider one?

A trust is a legal arrangement that allows assets to be managed on behalf of others. Trusts can be useful for protecting wealth, providing for future generations, and maintaining control over how assets are used — particularly in complex family or business situations.

How do my personal arrangements need to align with my business?

Your will and any trust arrangements should work alongside your business structure, including shareholder or partnership agreements. Without alignment, there is a risk of conflict, delays, or unintended outcomes when assets are transferred.

When should I review my will or estate planning arrangements?

You should review your arrangements regularly, particularly after major life or business changes such as starting or selling a business, changes in ownership, marriage, divorce, or significant changes in assets or tax rules.