Estate planning

Avoid a hefty inheritance tax bill

Estate planning looks at the options available for the protection and preservation of a family’s wealth and assets. A balance needs to be struck between the options for protection versus the risk of the loss of control, the tax implications and other commercial factors.

When looking at any estate planning it is essential that the wishes and needs of the individual are at the forefront of the planning and that potential future issues are considered when making any decisions.

The basic principles of estate planning can be broken down as follows:

  • What are your objectives?
  • What assets do you currently have and what will you require in the future?
  • What can/should be given away and how?
  • What tax implications will arise?

As these areas are continually changing the planning should be regularly reviewed and updated to ensure it remains relevant.

Flexibility with any planning is therefore key.

We can offer a bespoke service to help you with estate planning so please contact us to learn more.

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