Estate Planning & Probate

Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.Few of us like to think about dying and what happens next; however the relevant legislation requires us to plan well in advance.  Inheritance tax is no longer a tax that only applies to the super-rich.  Given the average house price in the South East of England more and more of us will have estates that will be caught by Inheritance Tax.  This means making the necessary provisions now, with careful planning it can be possible to reduce the tax burden on death.  There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight – along with a detailed knowledge of the current tax regime.  We can assist you in making the correct decisions and if necessary put you in contact with the specialist adviser. Therefore we can provide discreet comprehensive estate planning service that includes:

  • help with planning and reviewing a will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between family members
  • transferring agricultural or business property
  • transferring assets into trust
  • arranging adequate life assurance to cover potential inheritance tax liabilities

When the inevitable does sadly happen, we are also able to assist with the initial stages of the probate process.  We have experience of preparing estate accounts both in a personal and professional capacity as well as identifying the assets and liabilities of the deceased.  This then enables the completion of the probate process by an authorised practitioner.  We can also advise on the next financial steps following a bereavement and offer practical help and advice.

 

Contact Us

Choice Accountants Limited

10 Indigo House
Mulberry Business Park
Fishponds Road
Wokingham
Berkshire
RG41 2GY

Tel: 0118 402 8950
Fax: 0118 402 8959

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