Some people may think estate planning is only for the wealthy but with increasing house prices, especially in the Dorset and surrounding areas, adding up the value of your assets can be a surprising experience and more people are entering the inheritance tax trap.
Even if your estate is not likely to be subject to inheritance tax, careful planning is necessary to ensure that your wishes are carried out in the quickest way possible.
With so many unknown future variables, it can be hard to know where to start.
Inheritance tax laws have been subject to many changes over the years and we will guide you through the current legislation and continue to review your estate with you, ensuring any changes in the law or in your circumstances are taken into consideration.
Putting a plan into trust often removes it from your estate, however using the wrong trust at the wrong time can do more harm than good. We will review your existing plans and trusts, updating and amending if necessary.
Many people may think that if they do not have a Will their assets will be distributed as the family would wish. This may not be the case and the government laws in intestacy will be applied. In the worst case scenario, this means a some or all of your hard earned assets could go to the taxman.
Our review with you will consider your current assets and liabilities as well as future expected changes to both your circumstances and tax position.
We will ensure that your affairs are in order with solid financial advice for the future of you and your family.