We advise clients in connection with inheritance tax issues, either as stand alone advice or sometimes hand in hand with their accountants who have an intimate knowledge of their business affairs.
We can discuss with you whether you can use your Will to save inheritance tax, or whether a Trust would be appropriate for you.
This is a complex area of law and our Solicitors are experienced and attend frequent courses to keep up to date with the latest changes in the law.
We often work closely with your Financial Advisor as well as your Accountant so as to provide an all round service where you can achieve what you want with the best advice possible.
All of our specialist lawyers within the department are fully accredited members of Solicitors for the Elderly
Deeds of Variation
We are sometimes consulted by a client who has inherited money from an estate which they would like to pass on to somebody else. This can be a very effective inheritance tax planning tool and can often be used to pass money to the next generation who might need it more than you do.
There are special rules about the form a Deed of Variation takes, and it has to be done within two years of the death of the person from whom you have inherited. Sometimes notice has to be given to H.M. Revenue & Customs that the Deed has been made. We can advise you on all this and prepare the Deed for you.