Wills and Estate Planning
Your will is one of the most important documents you will ever write.
Sectors and Services
Not only does it ensure that after your death, your estate is dealt with according to your wishes and your family are protected and provided for, it also gives you the opportunity to pass on your wealth in the most tax-efficient manner possible.
Dying intestate will result in the law automatically determining who will inherit your estate and look after your children, and will also preclude you from benefitting friends or charity.
We can guide you through the entire process to give you peace of mind that your affairs will be managed properly and appropriately after your death.
We can advise on:
- All available tax planning options
- Choice of executors and guardians for your children
- Dealing with assets in multiple jurisdictions
- Distribution of your personal effects
- Ongoing trust structures
It is likely that your personal circumstances will change over time, whether materially, or through marriage, divorce or the death of a family member. We therefore recommend a will review at regular intervals and in the wake of any significant events. This also enables you to make any necessary alterations in the light of changes to the law, and to ensure your will is kept up to date with your wishes.
-
1 Tax
A key objective when estate planning is to minimise tax and maximise the assets left to those you intend to.
A death in the family often requires quick work to protect and identify opportunities to safeguard assets. Our experienced team will work with you to avoid future unexpected tax liabilities by reviewing your finances and family wealth in advance.
With current tax charges at 40% on estates worth more than £325,000, even the most modest of homes fall within the Inheritance Tax threshold. It is therefore important to plan ahead. We can ensure all the necessary reliefs and exemptions are in place whilst leaving flexibility to review the most appropriate and effective structure for you.
We can advise on:
- Avoiding the ‘gifts with reservation of benefit’ inheritance tax trap and the pre-owned assets tax (POAT) charge
- Exemptions and reliefs including gifts to charity, business, agricultural and heritage assets
- Giving gifts through a will
- Legacy 10 – the reduced rate of inheritance tax for those who leave at least 10% of their estate to charities
- Life assurance
- Lifetime giving to individuals and through trusts
- Reviewing and establishing trusts with tax advantages
- Transferring unused nil-rate allowances from the deceased to the surviving civil partner or spouse
-
Executors and administrators brochure File size: 698.71 KB
-
Private wealth brochure File size: 3.07 MB
Related Services and Sectors
Services
- Probate
- Agriculture, Estates and Rural Business
- Family and Matrimonial
- International Tax and Estate Planning
- Mediation
- Residential Property
- Wealth Structuring
- Will and Trust Disputes
Sectors
""What makes them a fantastic firm is the advice, and the fact that I can rely on it implicitly. They are responsive, knowledgeable, creative and value for money.
Legal 500 UK 2020
Charities
Corporates and Business Services
Employment and Immigration
Individuals
Litigation
Planning, Infrastructure and Regeneration
Public Law
Real Estate
-
Airports
-
Arts and Culture
-
Banking
-
Charities and Not For Profit
-
Corporate Occupiers
-
Energy
-
Entrepreneurs
-
Family Offices
-
Healthcare
-
Highways
-
Hospitality
-
Infrastructure
-
Inspectorates
-
Insurance
-
Landed Estates
-
Life Sciences
-
Local Government
-
Ports
-
Professional Services
-
Public Sector
-
Rail
-
Real Estate Developers
-
Real Estate Investment Companies
-
Regulatory Bodies
-
Retail
-
Statutory Bodies
-
TMT
-
Transport
-
UK and International Private Clients
-
Urban Transit