Estate planning

Estate planning

Careful planning

There’s nothing worse than HMRC taking a large cut of the wealth you’ve accumulated over your lifetime, especially when you want to leave it to your loved ones.

With proper planning, you can make sure this doesn’t become a reality. Whether it’s income, property or investments, prior planning will help you reduce your tax liabilities and in turn, mitigate them.

We can offer a range of different strategies to help you leave as much as possible to your chosen beneficiaries. We’ll advise on trusts, gifting assets or helping you write a will.

Without a  will, you’ll run the risk of the state seizing your assets. It’s not enough to assume a partner or children born out of marriage will automatically inherit your estate.

Another way to keep your money and assets safe is to set up trusts for your beneficiaries. By placing the things you wish to leave your loved ones in a trust, you can keep the inheritance tax liability to a minimum. For the trust, you should appoint an executor. 

An executor is an independent person who will look after the will, and when the time comes, allow the beneficiaries access to the money.