Estate Planning
Create a comprehensive estate plan to take control of your legacy.
We'll help you plan for every contingency, from healthcare directives to guardianship nominations.
FAQs
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Inheritance tax (IHT) is charged at 40% of the deceased’s estate.
There are certain reliefs and exemptions that you can take advantage of, such as the partner or spousal exemption (a surviving spouse or civil partner will inherit assets free of IHT) but upon the surviving spouse or partner’s death, IHT will then be payable.
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The tax-free threshold is £325,000 per person.
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Careful estate planning, creating trusts of up to £325,000 every seven years and making potentially exempt transfers including lifetime gifts can avoid/minimise IHT.
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This can range from hundreds to thousands of pounds, dependent upon how much work is necessary to protect the risks to your estate that we may identify.
The larger or more complex your estate, the more legal documents and estate planning strategies may be needed to protect you.
We pride ourselves on giving you the best service and advice for a fair price.