We understand the desire to mitigate against inheritance tax on your death as much as possible, and our experienced lawyers can help you achieve this.
'Brilliant’ legal director Clare King, who focuses on estate planning for high-net-worth individuals - particularly business owners and entrepreneurs; and senior associate Stephanie Parish, who is ‘incredible with clients’.Legal 500
We will be able to advise you if inheritance tax will be due on your death, and if there is any planning we can do to help mitigate such liability. This could be by means of planning under your Will, or this could also include lifetime planning, for example by creating a lifetime trust, or making the most of potential exemptions and reliefs which may be available to you now.
If you have business interests, we can advise you on reliefs such as business property relief, and how you can utilise this relief in your Will. We work closely with our corporate team to achieve a joined-up approach and ensure that any Will structure you decide to implement also works with your business structure.
As well as inheritance tax planning, we will also advise you of any capital gains tax and income tax implications. We are happy to work alongside your financial adviser and tax accountant to provide a full wealth and tax planning service. If you do not have a financial adviser or tax accountant, we have excellent relationships with numerous advisers in the area, and will put you in touch with someone who can advise you accordingly.