At Chubb Bulleid, we understand that thinking about what will happen to your loved ones and personal assets after you are gone can be a sobering experience. However, with only four in ten people in the UK currently making Wills, it is important to recognise that without one, the Intestacy Rules come into play. These rules, which govern how assets are distributed when someone passes away without a Will, can be incredibly unfair in certain situations.
Making a Will ensures that your assets are passed on to the people you care about, and that they are managed by executors and trustees whom you trust to carry out your wishes with the attention and care you would expect. For those with young children, appointing guardians and controlling how assets will be managed on their behalf is a matter that requires thoughtful consideration.
The current Inheritance Tax threshold for individuals stands at a modest £325,000.00, but with careful planning, the substantial 40% inheritance tax can often be reduced or avoided altogether. In fact, with proper planning, a married couple can often pass on up to £1 million before inheritance tax becomes an issue.
We offer all of our Will clients an initial free half-hour consultation, with no obligation. We are committed to preparing Wills efficiently and promptly, and are more than happy to arrange home visits where needed.
Our experienced professional team provides a comprehensive range of services, including:
- Preparing and drafting Wills
- Varying Wills after death
- Producing codicils
- Acting as executors when requested
- Measures to mitigate Inheritance Tax
- Use of Trusts and family wealth protection
In terms of inheritance tax planning, we have extensive expertise in capital tax advice, helping you mitigate inheritance tax and capital gains tax. We can assist with planning during your lifetime – for instance, through the use of trusts, effective Will drafting, or helping families with post-death planning.
We believe in collaborating closely with your other professional advisers, such as accountants and independent financial advisers, to ensure you receive the most efficient and effective taxation advice. This teamwork ensures a well-rounded approach to matters such as:
- Inheritance tax planning, which focuses on reducing the tax payable when someone passes away
- Capital gains tax planning, which addresses the tax payable when assets are sold or gifted
- The use of trusts to minimise tax liabilities and provide long-term family wealth protection
At Chubb Bulleid, we are here to provide the advice you need to protect and maximise your assets. By making use of the appropriate reliefs and exemptions, we can help you ensure your estate is structured to benefit those you care about most. We are also able to advise on additional matters to support your long-term financial and personal interests, including:
- Inheritance Tax
- Capital Gains Tax
- Agricultural Property Relief
- Holdover
- Potentially Exempt Transfers
- Business Property Relief
- The Use Of Trusts
- Chargeable Transfers
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