Estate & IHT Planning

What is Estate Planning

Estate planning is the action you take to prepare for the transfer of your wealth and assets before and after your demise. It provides for the management of assets during incapacity and ensures you receive personal care in accordance with your instructions.  An estate is your net worth at any given point in time whilst you are living or at death and includes:

  • your assets and liabilities
  • life insurance policies (not written under trust)
  • old style retirement annuities not written under trust
  • residential and commercial property
  • cars and personal belongings (chattels)

Estate planning is the coordinated exercise of structuring your estate. The model estate plan minimises inheritance tax, saves time, reduces cost and makes sure that your assets reach your intended beneficiaries.

It encompasses the preparation of:

  • Wills
  • Trusts
  • Lasting Powers of Attorney
  • Shareholder agreements for business owners
  • Cross option agreements for business

Purpose of Estate Planning

Estate planning allows you to decide explicitly who will benefit from your estate, and to what degree. It evaluates your financial needs and assets in order to make sure that your heirs are provided for in the most tax-efficient way. This provides you with peace of mind for the future.


Want to know more?

Call us for a friendly chat on 01423 623 196 or email: