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Estate + tax planning

Whilst writing a Will is an essential part of your planning, making sure that your Will is tax efficient is equally as important when considering your estate.

As experienced Will and trust solicitors, we specialise in finding practical, intelligent solutions to help you plan, mitigate or avoid future liabilities of inheritance tax, capital gains tax and income tax.

On your death, inheritance tax (IHT) of 40% will be liable on the value of your estate over the inheritance tax threshold. If you think your combined assets will be worth more than the IHT threshold when you die (currently £325,000), you can maximise inheritance tax reliefs and exceptions with forward planning.

We can advise you on the various ways in which you can minimise inheritance tax liabilities. This includes the best use of gifts and exemptions, such as lifetime gifts, annual gifts and gifts to charity.

You can also use trusts to pass assets to others, such as your children, and invest in regulated financial and pension products.

Depending on the complexity of your financial affairs, you may also require financial advice. If so, we maintain a network of trusted professionals and can refer you to an independent financial planner who can advise you on a range of regulated products.

Further information

If you need to write or update your Will, create a trust or you want professional advice about dealing with the affairs of someone who has died, you can speak to our Will, trust and probate solicitors.

Click here to request an estimate for our Will writing services. Alternatively call us on 0117 325 2929 or complete our online enquiry form.

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