Estate planning

When you have spent a whole lifetime building up your personal wealth, you want to think that upon your death your estate will pass into the hands of your chosen beneficiaries.

When you have spent a whole lifetime building up your personal wealth, you want to think that upon your death your estate will pass into the hands of your chosen beneficiaries and not into the hands of the Taxman.

Inheritance tax (IHT) used to be referred to as a 'voluntary tax' for the very wealthy, but with the recent dramatic increases in property values without a corresponding increase in the IHT threshold, many more estates have come within of the Taxman's reach.

This makes estate planning all the more necessary - and all the more urgent.

There are a number of ways to reduce the potential tax liability on your estate, but they all involve careful planning - often over a long period.

Lifetime gifts, the judicious use of trusts, and care with transfer of agricultural and business property can all help to reduce IHT liability.

It is also possible to mitigate potential inheritance tax liabilities by arranging adequate life assurance cover.

We can help you with your estate planning, including succession planning and business exit strategies.

We can also assist your lawyer with the drafting and updating of your will, and where appropriate, act as trustees or executors.

Contact Us today to discuss how we can help you preserve as much of your wealth as possible for your chosen beneficiaries. But don't leave it too late!

Require more information?

If you would like more information or would like to speak to us direct then call us on 0141 956 4454. Or if you would prefer, ask us a question online.

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