Estate Planning

Few of us like to think about dying but, equally, few of us could live with the thought that we’ve made inadequate provision for the family and friends who survive us. We all want as much as possible of the wealth we’ve worked hard to accumulate to go to those loved ones, not to HMRC.

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. For example, if you give an asset to a family member but die within seven years of that gift being made, your estate could be stung with a tax bill. Since none of us knows when we will die, however many calculations we run, it’s best to start preparing right now.

The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and maximising the amount that goes to your beneficiaries.

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.

Contact us today for a preliminary review of your estate’s tax position.

Our discreet estate planning service includes…
 

  • Help with drawing up and reviewing your will
  • Use of exemptions and lower tax rates on lifetime transfers
  • Optimising lifetime transfers between spouses
  • Transferring agricultural or business property
  • Transferring assets into trust
  • Arranging adequate life assurance to cover inheritance tax liabilities

> Personal tax planning

The tax regime is getting more complex with more emphasis on taxpayers' individual responsibility. Proper planning can reduce your tax liabilities and help manage your money.

> Self assessment

They call it ‘self-assessment’ but many taxpayers struggle to understand the complex tax return process and so risk filing late, paying too much tax, or paying too little. Let us handle this for you and get it right.

> Estate planning

Few of us like to think about dying but, equally, few of us could live with the thought that we’ve failed to make adequate provision for the family and friends who survive us. That’s why planning matters.

> Retirement strategies

Everyone hopes to maintain the same standard of living in retirement as they enjoy while working, but to achieve that you need to start planning sooner rather than later.

> Trusts and executorships

Trusts are a relatively easy and tax efficient way to set aside assets for future beneficiaries, outside of the inheritance tax net that can so easily reduce the amount passed on.

> Forensic accounting and litigation support

At some point you will find yourself involved in a legal dispute over money. We can help establish the facts and advise during proceedings.

> Wealth management

We offer a wide range of financial planning advice covering investments, ISAs, pensions, retirement planning and strategic tax planning.

> VAT

Value added tax (VAT) is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay.

Contact us

We offer free initial consultations to potential clients – call us today.
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