Planning how to pass on your wealth? Making a will is an important first step, but effective estate planning often goes further. Whether you want to reduce a potential inheritance tax bill, support your family during your lifetime, or keep control of your assets, understanding your options is key to protecting what you’ve built.
Watch the video below, in which a member of our expert legal team explains how lifetime gifting, trusts and family investment companies can form part of a tax-efficient estate planning strategy.
How to Pass On Your Wealth Tax-Efficiently Transcript
Having a will in place is often a crucial part of estate planning, but it is only one piece of the jigsaw. At Newtons, we take a very holistic approach to estate planning advice and succession planning. Our advice will depend on your objectives and your priorities.
One main concern for clients is how to hand over wealth in the most tax-efficient way. One of the simplest ways to achieve that is lifetime gifting, but it could be that you’re reluctant to part with large sums of capital. The use of trusts and family investment companies allow you to retain control whilst also potentially reducing the value of your estate for inheritance tax purposes.
We provide bespoke advice to each client and the best thing to do is give us a call to arrange an appointment.
Get in Touch with Newtons Solicitors
Newtons Solicitors has offices throughout Yorkshire, the North East, and Cumbria, so you can access legal services in the location most convenient to you.
If you would like to learn more about estate planning or creating a will please don’t hesitate to reach out to our friendly team. We’re here to guide you through your options so you can plan for the future with confidence and peace of mind.