Wills and Estate Planning
Estate planning needs a detailed understanding of both your financial position and the circumstances of you and your family. By allowing us to periodically review your plans for your estate and assess your financial position and potential tax liabilities, you will be able to reduce and manage the impact of taxation on your estate and leave it as you intend to your family and other beneficiaries.
Estate planning accountant
Estate planning also needs an ability to respond as changes take place be that a personal change in your circumstances or a change in the relevant tax regulations. Regular reviews with you and, if appropriate, members of your family ensure that we are aware of your wishes as they change over time so that we can help you update your estate planning. Getting to know you also allows us to help resolve sensitive family issues should they arise and gives you confidence that your wishes for your estate will be carried out as you intended and that your estate planning will be properly carried out.
Our specialisation in estate planning allows us to help you draft your Will in a tax efficient manner. The most tax-efficient structure for the Wills of a married couple, or a couple in a civil partnership, is often to create two funds, namely:
- A discretionary trust for the surviving spouse/civil partner, children and grandchildren
- A life interest trust for the surviving spouse/civil partner
Our estate planning accountancy team can advise on whether and why this approach may be suitable for you.
Our expertise in estate planning extends, when needed, to acting as trustees and executors usually alongside family members or lawyers. Our experience of estates and trusts lets you know how your funds have been invested and distributed whilst relieving you of the burden of administration.
If you would like to discuss estate planning with our accountancy team, please get in touch.
