Estate planning & trusts

Protect your family and your estate

All of the property, investments and possessions you’ve accrued over the years are testament to the hard work you’ve put in over your career.

Together, they form your estate, which will be distributed to your beneficiaries as you see fit. If you don’t use proper estate planning and trusts, however, a significant portion of what they get may be deducted through inheritance tax.

Estate planning should always be done well in advance of your death. Our estate planning team is more than willing to help you form your plan, with a belief people should be able to pass on everything they wish, without HMRC constantly getting in the way. We’ll make a plan that suits you and passes on more of your wealth to the future generation.

The bulk of estate planning is getting the value of your estate below the threshold for income tax. By giving gifts during your life (be wary of the seven year rule, however) or donating a portion of your estate to charity, you can reduce the rate at which inheritance tax is charged. Nil-rate band transfers is another option to consider.

We’ll also explore the benefits of trusts – by putting some of your money, property and investments in the hands of a trustee, you could cut the rate of inheritance tax by half. Reach out to us to begin your planning.