With property prices rising and the Nil Rate Band tax thresholds currently frozen, an increasing number of estates are becoming liable to pay inheritance tax.
We pride ourselves on taking a holistic approach in estate planning. By getting to know as much as we can about your financial and familial circumstances, we can provide bespoke advice on how best to structure your estate and take advantage of relevant inheritance tax exemptions and reliefs. We also appreciate the importance of inter-generational planning, often acting for parents and children together, to ensure the family wealth is preserved and passed down efficiently.
If you are looking to reduce the value of your estate, we can advise on the optimal way to make gifts during lifetime and how best to document them.
Where possible, we like to work in coordination with your other trusted advisers (accountants and financial advisers) to ensure a cohesive approach is taken.
Our clients include individuals, couples and multi-generational families and we regularly advise clients who have their own businesses as well as farmers and landowners.
We act for UK nationals and also other nationalities who are living in the UK. Foreign residents or UK nationals living abroad are often subject to the laws of more than one country and we are accustomed to liaising with specialist lawyers and accountants overseas in order to set up structures to optimize their global position, including sheltering UK assets in offshore jurisdictions.
If you wish to find out how your estate may be impacted by inheritance tax or are looking at ways to structure your estate more effectively, please get in touch with one of our team members below.