estate administration involves legal, financial & practical responsibilities

“…plan as far in advance as possible for optimum results”

 It cannot be emphasised enough how important it is to plan as far in advance as possible for optimum results. Little can be achieved if this is left until the last moment.

We would encourage you to deal with this now. If nothing else, start organising your estate and planning immediately if you have not already done so. Even simply getting a will in place may save your family and estate beneficiaries a considerable amount of heartache and expense in the event of your death.

How can we help you?

  • We can provide a full Inheritance Tax (IHT) and estate planningservice from review and recommendation, to completion of all the required documents with associated signatures and where appropriate relevant seals.
  • We also have a great deal of experience in dealing with estates containing assets in more than one country.
  • We can help avoid the pitfalls associated with assets in more than one country
  • We can help reduce the complications and risk, which must be dealt with and planned for properly to avoid all the pitfalls.

“…over 100 years collective experience in the establishment of trusts”

 What is a trust?

A trust can be likened to a long term contract, and has three basic parties to it, the…

  • Settlor(s),
  • The Trustee(s).
  • The Beneficiary(ies).

What does each party do?

  • The Settlor gifts assets to the Trustees and charges them to look after those assets for the future benefit of certain persons (the Beneficiaries).
  • The Trustees hold title to the assets they ‘supervise’, but are not permitted by the law to deal with them as if they were their own.
  • The Beneficiaries as the term implies receive the benefits of the trust.

Once gifted, the assets no longer form part of the general estate (possessions) of the Settlor, whilst the beneficiaries do not own the assets; they are entitled to benefit from them.

What can trusts be used for?

Trusts have many different primary uses, and are exceptionally flexible vehicles for holding and protecting family assets or wealth. the following are some of their uses. 

  • Protection of assets.
  • The transmission of wealth between generations.
  • In some circumstances it can reduce the need or reduce the amount of inheritance or corporation tax that needs to be paid.
  • It can assist in the maintenance of minors
  • It can assist in the maintenance of persons who are incapacitated or incapable of looking after their own affairs.
  • It can help avoidance of forced heirship provisions.

How can we help you? 

  • We will provide a detailed analysis and costing.
  • We provide a full trust administration service.
  • We have extensive collective experience in acting as professional trustees.
  • We have an in house corporate trustee company which can accept appointment as Trustee.
  • We can explain to people who become Trustees and who may need support to fully understand the legal responsibilities that a Trustee carries.
  • We undertake all aspects of trust accounting and tax returns

“our tailored packages will keep you within the legal requirements”

If your business is too small to employ a full time compliance officer, but too big for you to do it all yourself, our tailored packages will keep you within the legal requirements you must satisfy, in the most cost effective manner possible, and leave you free to concentrate on the important parts of your business.

How can we help you?

  • We can provide a service for every aspect of your Anti Money Laundering compliance function
  • We have extensive experience in the field of Anti Money Laundering legislation
  • We can undertake a full compliance audit for your business
  • We can provide AML training for your staff, including training manuals and annual refresher courses

“Getting it wrong can be costly, make sure you get the right advice”

There are pro’s and cons to incorporating your company, which are not always immediately obvious. It is important to consider all options before incorporating a new company. The senior members of the company have extensive experience in this area.

How can we help you?

  • We will advise you on the implications of the incorporation of a company for your business, and the pros and cons of doing so.
  • We will advise where and at what level any tax savings exist in incorporating a company
  • We are authorised to incorporate companies online and subject to obtaining satisfactory documentary confirmation from you, we can have your company in place within 2-4 hours.
  • We can provide a full secretarial service to set the company records up, make initial filings and notifications as required to Companies House and HMRC 

“it is vital that any planning for Capital Gains Tax is undertaken as early as possible”

 Capital Gains Tax (CGT) is generally paid on any gains made from selling assets. Understanding CGT can be important if you are looking to build up and then sell a business and use the proceeds to fund your retirement for example.

As with all tax planning, it is vital that any planning for mitigating Capital Gains Tax is undertaken as early as possible. 

How can we help you?

  • Examination of capital asset structure before you acquire it,
  • Ensuring that appropriate records are kept of expenditure and the like to ensure that any residual gain on sale is not overstated.
  • Advising where and when CGT is payable


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CI Accountancy

11 - 12 The Courtyard
St Mary's Chare
NE46 1NH

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