It is not just for “retired” people, although people do tend to think about it more as they get older. Unfortunately, we can’t successfully predict how long we will live, and illness and accidents happen to people of all ages.
Estate planning is not just for “the wealthy,” either, although people who have built some wealth do often think more about how to preserve it. Good estate planning often means more to families with modest assets, because they can afford to lose the least.
Individuals put off estate planning because they think they don’t own enough, they’re not old enough, they’re busy, think they have plenty of time, they’re confused and don’t know who can help them, or they just don’t want to think it. Then, when something happens to them, their families have to pick up the pieces.
We can help you plan your estate’s inheritance tax so your loved ones can make the most of your assets, wealth, and property.
Sophisticated planning and expert legal advice are essential to make sure your estate is inheritance tax (IHT) efficient – particularly if you own businesses or foreign assets.
We can advise you on how to take advantage of the complex web of IHT reliefs and exemptions and maximise the inheritance you pass on to the next generation.
Inheritance tax is a dynamic area of law where change is constant and ideas develop fast. Having a plan in place isn’t enough – you’ve got to make sure it’s up-to-date.
Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.
Taxation is not regulated by the Financial Conduct Authority.
Tax concessions are not guaranteed and may change in the future. Tax free means the investor pays no tax.