Planning how your wealth and estate is looked after is more important than ever. There’s a high chance your family could be hit by an inheritance tax. For example, rising house prices means that today many people can fall under the parameters of inheritance taxes.
As well as advice on how to structure the assets themselves, you’ll need to go through the correct legal procedure to put the agreed plan of action into place.
Estate planning is specialist work and alongside acknowledged independent financial advisors we are recognised as leading wealth & estate planning solicitors in Thorpe Bay.
Estate planning is the process of structuring your assets so they can be passed on without the Estate paying more inheritance tax than is necessary. It’s a highly complex legal area and as well as legal advice, often requires a financial adviser to help you structure your assets effectively. At BTMK we work closely with leading independent financial advisors who can advise you on the best way to do this.
The tax laws are complex so choosing the right estate planning solicitors in Thorpe Bay is crucial. Part of the process usually involves making financial arrangements in areas including the below:
When it’s done properly, good estate planning can save your Estate from paying large amounts of tax and keep you comfortable in your current life stage. Some of the allowances for reducing the tax burden are created for a lifetime, others are yearly. And it often needs many arrangements to be made together.
Once you know how to structure your estate, our estate planning solicitors in Thorpe Bay. can help you through the legal options available to put in place effective estate planning that benefits you and your family. You’ve worked hard for your money and we’ll help you protect it. Come and speak to the experts at BTMK, working on your behalf.
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