When you die and pass on your estate, it could lose huge sums of money to inheritance tax. With some careful planning you can reduce the tax burden and stop them paying more tax than necessary. You’ve worked hard for your money, and we’ll help you protect it.
Estate planning helps restructure your assets in such a way that the tax burden is reduced, therefore allowing your benefactors to receive as much as possible of your estate.
To plan properly you’ll need expert financial and legal advice to look at how your assets are structured and get the right arrangements in place. It’s a complex area that needs specialists. If you’re looking for estate planning solicitors in London BTMK has the specialist experience to help. We also work alongside leading independent financial advisors so you can restructure your assets effectively.
Tax is a highly complex area but our wealth planning solicitors in London working alongside financial advisors can help. Any property, savings, gifts and investments are included in what counts as a personal allowance. The laws can be very complex, especially if you have a lot of different assets.
Some of the tax allowances for helping reduce inheritance tax are put in place for a lifetime, others are yearly. It’s likely that many of the options will need to be made at the same time. Your advisor might suggest some initial steps to help reduce the burden too. These could include:
Inheritance tax amounts can be large so getting advice will pay dividends in the long term. And it’s not just for those with businesses or investments, that need to consider estate planning. Increasing house prices can cause an estate to be subject to inheritance tax.
The financial and legal process is specialist work and alongside acknowledged independent financial advisors BTMK lawyers are recognised as leading estate planning solicitors in London.
The right advice can save your estate from paying an unnecessarily high amount of tax and keep you financially comfortable in your retirement.
You’ve worked hard for your money and you deserve the right advice to protect the wealth you’ve created, to secure the future of your loved ones and those you wish to provide for.
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