There are several areas of estate planning we advise on including:
- Asset protection
- Succession issues – transfer of property or a business to family
- Tax planning
- Equity release
- Wills
Asset Protection and Succession Issues
You may want to protect your assets against future possible residential or nursing home fees or them being passed on to a particular person. The law relating to protection of assets is complicated and involves a wide range if areas to be considered.
Tax Planning
After a detailed review of your goals and your financial and family circumstances, we can advise and assist you on the best way handle the situation without paying more tax than is needed. Inheritance Tax laws allow for assets to be given as gifts (within certain limits that vary from time to time) either directly to individuals or into Trusts.
Equity Release
You may wish to consider converting some of the value of your home into cash which you can spend or give away to family members. We can advise on the various options and schemes available and to guide you through the process of deciding which solution is best for your circumstances and wishes.
Wills
If the combined assets of you and your spouse (or registered civil partner) is greater than the Inheritance Tax threshold, you can make tax savings by including appropriate provisions in your will.
