wills-and-probate-tax-planning-slider

Guaranteeing your assets
for future generations

Tax planning

//Tax planning
Tax planning2017-02-20T09:40:28+00:00

Tax planning for your families future benefit is of the utmost importance.

Tax planning – With a wealth of experience managing the estates of our clients, Edwards Duthie Solicitors can help you ensure that your assets are protected and can be enjoyed by your descendants for years to come.

wills-and-probate-tax-planning-content-picture

Inheritance tax is charged based on the value of your estate when you die. If your estate – all of your assets, including property, investments, life insurance and valuables – is valued at over the current threshold, you are charged 40% tax on the excess. There are slightly different rules for married couples.  On the death of the second spouse, the second spouse will be able to use the unused allowance of the deceased spouse as well as their own allowance, both of which are assessed at the date of death of the second spouse.

When you consider your house is included in your estate, you can quickly exceed your limit. There are several ways your solicitor can arrange your assets so that you can limit the impact of inheritance tax. By tax planning through practical estate management and succession advice, we can create and administer a number of trusts that pass ownership of some or all of your assets on to friends and relatives. As a result, you can ensure that the wealth that you worked so hard to build is protected for future generations.

How can we help?

If we can help with your future tax planning or you would like more information please contact us now.

If you would like to know more or need our help please call us now on 020 8514 9000 to speak with one of our wills and probate lawyers

“Edwards Duthie Solicitors,
your Legal experts, always here to help”