Inheritance Tax Planning Solicitors
If you have a large estate to leave to your loved ones and family members in future, it pays to plan your estate ahead of time, to make best use of tax efficiencies. That way your beneficiaries will retain a greater proportion of the money and assets that you’ve worked hard to accumulate over your lifetime.
Our specialist team advises clients in different languages on a wide range of legal matters. Call them on 0208 1111 911 or contact them through the website to discuss your circumstances with them.
How do I ensure that my will is efficient in terms of Inheritance Tax?
For many beneficiaries of wills, Inheritance Tax doesn’t apply because their estates are below the threshold. However, on larger estates Inheritance Tax can significantly reduce the amount your beneficiaries are left with.
As with any form of tax, there are things you can’t do to reduce your tax liabilities and rules do exist to prevent fraudulent activity. However, there is plenty you can do legally to help minimise the amount of tax your beneficiaries pay, such as:
- Estate planning
- Transfer of tax-free allowances to spouses or civil partners
- Will writing
- Gifts and charity donations
No two estates are ever the same, so we will discuss your likely estate with you in detail and help you plan the distribution of your assets in the most tax-efficient way we can. As rules and tax allowances change over time, we can then review your plans regularly to ensure that they are still in line with your wishes and the latest tax rules.
What other legal advice might I need?
If you own a business, we can also advise on specific Wills for Business Owners. You may also have overseas assets such as holiday homes or business. If this is the case you may benefit from either an International Will, or taking out a will in the country where those assets are held.
How do I get legal advice on Inheritance Tax Planning?
Call us on 0208 1111 911 or contact us through the website and we’ll arrange a time to discuss your circumstances thoroughly with you. The initial call is free and we’ll advise you of our fees before you decide whether or not to instruct us.