Tax has an impact during your lifetime as well as on your death.
Through the use of wills and trusts, our team can help you mitigate the impact of tax on your assets during your lifetime and on your death, ensuring asset protection for your family and assist succession planning in family businesses.
A Will can ensure those you wish to benefit on your death actually do so and in the way you want. Without a Will, law dictates who is to benefit and how. A Will doesn’t just deal with your assets, it also allows you to appoint Guardians for your children if they are under 18 at your death; allows you to appoint the right people to deal with your assets and distribute them in accordance with the terms of your Will (your "Executors"); and allow you to express other wishes.
It may be that you need to ensure proper protection for someone who has learning or other difficulties, not only in securing their inheritance but also their personal welfare after your death.
Your family arrangements may be complicated or there may be Inheritance Tax and/or business assets to consider. Your Will is an essential part of making sure you are planning for the future. Whatever your situation, our experienced and specialist team can provide you with the appropriate and necessary advice.
Trusts are not just useful in mitigating the impact of tax but also prove valuable tools in protecting assets for the future or protecting vulnerable beneficiaries.
Our team can advise on and deal with the creation of Trusts. Once established, our team can help the Trustees manage the trust, assist with the tax issues affecting the Trust and advise and support the Trustees with their duties and continued obligations to the beneficiaries.