When it comes to making arrangements for the future of your estate, early planning is key. By working with a tax accountant and putting measures in place now, you can take full advantage of the available tax opportunities and make sure that more of your wealth passes on to your chosen beneficiaries.

Our estate and inheritance tax planning services include:

Help with reviewing your Will

As a general guide, you should review your Will every 5 years, even if you don’t think your circumstances have changed significantly. It is important to do so because it gives you the opportunity to check your Will is still accurate and reflects how you want your estate to be distributed after you die. We can help you with reviewing your Will, please get in touch with our team today.

Making full use of exemptions and lower tax rates on lifetime transfers

Our estate and inheritance tax planning advisors can guide you through the process of making full use of exemptions and lower tax rates on lifetime transfers. A chargeable lifetime transfer (CLT) arises when an individual makes a gift into a relevant property trust.

Alongside this service, we also provide advice and guidance on optimising lifetime transfers between spouses. For more information, get in touch with our team today.

Transferring agricultural or business property

If you’re wondering whether or not you should transfer agricultural or property into a business to lower your tax rate, our team of tax advisors can provide the latest guidance on this and the most sensible option for your business.

Transferring assets into trust

If you’re thinking of transferring assets into a trust, it means that you don’t own them anymore, the trust does. These transferred assets could also mean that they do not count towards your inheritance tax when you die. Our tax advisors can provide further guidance and support if you’re considering this option of transferring assets into a trust.

Advising on Lasting Powers of Attorney, personal and business

A Lasting Power of Attorney (LPA) is a legal document that lets you appoint one or more people as an attorney. The nominated persons can help make decisions on your behalf. There are two types of LPA: 1) health and welfare, and 2) property and financial affairs. If you need advice on LPAs, whether it’s personal or business related, our tax advisors can help, offering useful advice and valuable insight.

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