Secure Your Future with Estate Planning
Estate planning, Inheritance tax, Wills and trusts
Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.
The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.
The earlier you make the arrangements, the greater your chance of taking full advantage of the tax reliefs available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government's coffers!
It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime.
We can provide a discreet estate planning service that includes:
- Commenting on current implications of your will
- Transferring business and personal assets
- Optimising lifetime transfers between spouses
- Making full use of exemptions and lower tax rates on lifetime transfers
- Commenting broadly as to life assurance policies
Following an individual’s death, their personal representative (executor or administrator) may have to report the value of the estate to HM Revenue & Customs. On such occasions, we are able to assist with the completion of the returns and advise on the practicalities and liabilities arising.
