Estate and Life Planning Services tailored to your specific requirements. Estate Planners can help with anything from basic wills to funeral arrangements and intricate Inheritance Tax preparation.

Our accountants collaborate with attorneys, estate planners, and life planners who are well-versed in working with small company owners and their families. Their Estate Planners can assist on anything from basic Wills to complicated Inheritance Tax arrangements.

They aim to get to know a client in order to understand their requirements, goals, and desires before determining the best option for them and their family’s future. Every year, they advise thousands of clients on a variety of legal, inheritance, and long-term planning issues. The Solicitors Regulation Authority authorizes and regulates the preparation of all legal papers for you.

What Estate Planning or Life Planning Services do you require?

Wills

When a person dies without a proper Will, the law determines who receives all they possess. It is critical for them to create a Will if they wish to ensure that their assets are distributed to individuals they care about.

When writing a will, there are several factors to consider, especially when companies are involved. Here are a few examples:

• What age will the estate be passed down to the heirs, and who will inherit it?
• Should guardians be appointed to look after children under the age of 18?
• What kind of business is it, and what happens to it after the owner dies?
• How can a spouse/partner be supported while simultaneously protecting a child’s legacy against re-marriages, divorces, and so on?
• How can a spouse/partner, who may or may not be a party to the business partnership, be cared for while guaranteeing the tax-efficient transfer of wealth via the use of any applicable exemptions such as Business Property Relief?

Making preparations to keep things as simple, tax efficient, and secure as possible is a critical step for any business owners. Our partner will walk you or your client through the process, ensuring that you have a complete Will that is suited to your unique requirements and covers all possibilities.

Trusts

Trusts may be utilized inside a Will to preserve a house and funds while also offering flexibility and tax benefits to a company. Care expenses, Inheritance Tax, and the disintegration of family connections may all have a significant influence on the inheritance someone intends to leave.

Incorporating a Trust into your Will will offer you with both security and flexibility. In certain cases, establishing a trust throughout a client’s lifetime is the best answer. Following an assessment of your or your client’s situation and goals, they will give suggestions.

Planning for Inheritance Taxes

The correct Will is the first step in good Inheritance Tax preparation. Trusts may be included in Wills to maximize applicable exemptions and reliefs and to provide flexibility and efficiency after death.

Powers of Attorney for the Future (LPA)

A Lasting Power of Attorney enables a person to select someone they trust to make health, welfare, or financial decisions for them if they become unable to do so themselves. Did you know that individuals of all ages may be affected by mental incapacity? Accidents and illnesses may happen at any moment, and frequently without warning.

Without a court order, no one, not even a spouse, may handle the money or make medical choices for someone who has lost mental ability. This is especially difficult for company owners, since day-to-day business choices, such as signing checks and making payments, cannot always be made.

Many company owners would create one LPA for their commercial operations and another for their personal accounts, with different individuals appointed to make decisions in each case. With an LPA, family ones or other trusted individuals may manage a client’s financial affairs and make critical choices, such as where the client should reside and whether physicians should perform resuscitation if necessary.

Estate Administration & Probate

Dealing with a deceased person’s estate entails a great deal of complicated legal, tax, and administrative labor. If any errors are made along the route, the individual doing the task may be held personally accountable for them.

The Probate and Estate Administration service may do this task entirely on your or your client’s behalf. They will communicate with HM Revenue & Customs, handle the sale or transfer of any shares or property, uncover hidden assets, notify all beneficiaries, and divide the estate in accordance with the Will (if one exists) and inheritance rules.