Wills
Inheritance tax is sometimes payable on death, when the assets within your estate are distributed to your beneficiaries, either via your will or the rules of intestacy in cases where a will does not apply.
The chargeability to IHT arising on an estate at death depends on my factors, including:
It is advisable to consider the tax implications alongside your objectives for your will before drafting this.
The best way to avoid the vagueness of a will is to speak to us about your wishes. We can also help you with creating a letter of wishes so that your executors are clear on what you want to happen.
We can explore whether the use of trusts is of interest to you, which can provide protection of assets and provision for family and other valued beneficiaries.
Estate Planning
A person’s assets become the estate upon their death.
Whilst we offer a will writing service, we tend not draft a will without proper estate planning first, unless you are absolutely set on what you wish to be included in your will.
Our usual service includes a review of your estate assets, your objectives and wishes and recommendations on how best to manage your assets for tax efficiency.
Amanda considers it an honour to be involved in the management of, estate planning and will writing. She believes the complexities of business and personal assets means it takes care to review the many tax planning opportunities.
Contact Amanda for a review
Amanda is a member of STEP – the Society for Trust and Estate Practitioners.
She has devoted time to many committees, including the Probate committee for STEP. Amanda was also invited to the Legal Services Party for probate activities for ICAEW, which was instrumental towards providing members with authorisation to deal with probate work and activities.
It is preferable to have Amanda review your position, especially before drafting or redrafting your will and this is to consider what tax planning opportunities are available to minimise IHT, but to also consider your objectives.
Amanda offers a brief review, for no charge or commitment. This will enable her to consider whether there are any tax planning opportunities available and tax reliefs to gain from. It will also help to ascertain any issues, such as any criteria that needs to be met in order for valuable inheritance tax reliefs to apply, or to establish any liabilities or other tax problems that you might not be aware of.
It is always important to Amanda that no fees or charges are committed to unless there is a benefit to do so.