Estate planning

Effective advice to protect your wealth and assets for your beneficiaries.

It is important to manage your assets carefully to ensure in the future your family doesn’t pay any more tax than is absolutely necessary. The issue you and your family face is your beneficiaries are likely to be liable to inheritance tax. Often this will be on wealth that has already been taxed at source. This is why it is important to plan ahead and make arrangements as this will increase your chance of taking full advantage of any tax opportunities available.

We help clients plan their estates effectively so that the wealth they have built up can be passed down to the next generation in a tax efficient manner. This is achieved through analysing the various options available to you and advising on the use of Trusts and tax planning to reduce your family’s exposure to inheritance tax.

When planning to transfer your estate you also need to make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight along with a detailed knowledge of all the elements of the tax regime.

We can help you with this by:

• 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 insurance to cover potential inheritance tax liabilities
• Transferring assets into Trust