Bio
Edna is a Private Client Associate.
With more than 56 years’ experience, Edna supports executors, beneficiaries, trustees, and individuals on all aspects of their tax affairs and the practicalities of the day-to-day running of various types of trust, with particular expertise in dealing with family trusts and reviewing existing trust arrangements to ensure tax efficiency.
She also assists with organising affairs and maximising tax efficiency, including reviewing existing trust arrangements to ensure they continue to be fit-for-purpose from a tax perspective, offering guidance to trustees on the mechanics of dealing with trust funds, compiling annual trust accounts and final estate accounts, and completing tax returns.
Examples of Edna’s work include:
- Helping to restructure a discretionary trust with assets of more than £1 million so that the beneficiaries paid tax at the basic rate of 20% as opposed to 45%.
- Successfully recovering a tax rebate for a beneficiary who had failed to appreciate their entitlement to seek a tax refund.
- Managing the estate accounts for a number of connected estates where money had been left to successive beneficiaries who had all passed away before the accounts relating to their respective inheritances could be finalised.
- Reviewing the trust accounts for an existing trust, and advising the trustees and beneficiaries on their entitlement to claim allowances to reduce their overall tax liability.