Estate Planning
Few of us like to think about our very last breath, but equally few of us could live with the thought that we’ve not made adequate provision for the family and friends who are still living and breathing. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. No-one knows when they are going to pass away - here’s how you can keep your estate planning agenda alive.
The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available - 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 all the elements of the tax regime.
- Our integrated estate planning services include:
- Reviewing your will
- Making full use of exemptions and lower tax rates on lifetime transfers
- Optimising lifetime transfers between spouses
- Transferring agricultural or business property
- Arranging adequate life assurance to cover potential inheritance tax liabilities
- Transferring assets into trust
“I wasn’t sure whether to go with a solicitor or an accountant for estate planning services. I’m very pleased I went with Wellers. The quality of the advice around trusts was exceptional and I feel very open to discussing my personal and family business with Wellers, in addition to company matters.