Estate planning

To protect your estate from the tax man and to ensure your money goes to the people you care about most, it is essential to plan ahead with professional advice on inheritance tax planning.

We also provide to advice support trustees. By working with us you will be able to demonstrate that you are discharging your statutory duty to take proper advice as a trustee, with regular reviews to ensure that the trust property remains suitable to satisfy the trust’s aims and objective.

We work with a network of trusted solicitors who specialise in family law and will writing. With the right advice and an updated will in place you will ensure that your estate passes down to those who you want to benefit.

Inheritance tax planning

Inheritance tax (IHT) planning is about making sure that the right people receive the right money at the right time. It is also about making sure that you have enough money to live on to enjoy your own life.

In general, people with modest estates, rather than the very rich and wealthy, pay the most inheritance tax. Sensible inheritance tax planning to legitimately reduce the amount of tax payable from your estate on your death takes time to plan and put in place. This is just one aspect of the financial planning process. Effective estate planning also involves keeping access and control of your money, so that you can continue to enjoy the life you deserve and help your loved ones whilst you are around to see them enjoy it.

To protect your estate from the tax man and to ensure your money goes to the people you care about most, it is essential to plan ahead. Call us today on 01923 270036 to find out how we can help.

Please note that the Financial Conduct Authority does not regulate some aspects of inheritance tax planning.

Trustee services

Trustees are the legal guardians of money and assets settled in trust and have a duty to ensure that any investment decisions are appropriate, fair and equitable to all beneficiaries. Trustees have a duty to periodically review their investments, take into account the risks of those investments and obtain “proper advice” from someone qualified to give such advice. Professional trustees, such as solicitors and accountants, have higher standards expected of them than a lay trustee.

By working with us you will be able to demonstrate that you are discharging your statutory duty to take proper advice. We will work with you to ensure that:

  • regular reviews are carried out so that the trust property remains suitable to satisfy the trust’s aims and objectives
  • the trust property has the appropriate diversification to sit comfortably with the trustees attitude towards risk.

Wills

More than 70% of the UK population has not made a will according to the BBC. That’s a worrying fact. We don’t get to choose when life ends and without a will, you don’t get to choose who benefits from the money you’ve earned and the investments you’ve made during your life.

If you die without writing a will, it can add financial hardship to the emotional suffering your loved ones face in the event of your death.

The reality is that making a will is the only way you can guarantee who gets what; intestacy laws don’t necessarily favour the people you might. Making a will is actually one of the smallest and wisest investments you can make and an essential part of inheritance tax planning.

If you’ve made a will but never updated it, you could even benefit people you no longer wish to favour and leave your dependents with nothing. We recommend reviewing any existing wills at least every two or three years.

With the right advice and an updated will in place you will ensure:

  • your estate passes down to those who you want to benefit.
  • you can protect your estate from divorce or bankruptcy and ensure your future generations are protected.

We work with a network of trusted solicitors who specialise in family law and will writing. Contact us today to secure the future of the people you really care about. Will writing is not regulated by the Financial Conduct Authority.

Contact us on 01923 270036 to see how we can help you.