Estate Planning

implementing a plan to protect your wealth is one of the most important things that you will ever do. The first step on the road to successful estate planning is to have in place an up-to-date, valid will that expresses your wishes accurately.

People who fail to draft a valid will are considered to have died intestate. In this situation, the law lays down a standard set of rules for the distribution of their assets.

If you are single and your total assets exceed £325,000, the excess over this figure is liable to Inheritance Tax (IHT). For many married couples or civil partners, with the transferable nil rate band, the effective limit is £650,000.

If your total estate exceeds these limits, it is possible to plan so that payments of IHT are reduced or eliminated.

At Chadwicks we can consider allowable gifts, lifetime gifts and life assurance policies in trust. Depending on your requirements for access to your own capital and income from investments, we can also consider discounted gift trusts, loan trusts and AIM share-related schemes.

Because your individual circumstances are unique, our estate planning service is tailored to suit your requirements.

The Financial Conduct Authority does not regulate tax advice, wills and trusts.

Still need help with Estate Planning?

If you require further information, don't hesitate to contact us, our skilled team are always here to help!

Tel: 01244 317 111