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Check if your estate is protected from the tax man.
At Simpson Wreford LLP we can help people in the Royal Arsenal area with inheritance tax planning and estate planning. Here are some useful pointers...
It is never too early to plan your estate. If it is large, it could be exposed to inheritance tax at 40%, and if it is small, advance planning can help you ensure that your assets will go to your chosen beneficiaries.
Estate planning begins with the following decisions:
A Will should also stipulate who is to be your minor child(ren)'s guardian. Although making a Will makes your decision legally binding, the Will can be amended any time you change your mind.
Start by completing the following survey. Every 'no' answer indicates an area where estate planning issues should be addressed.
SEEK OUR ADVICE FOR EVERY 'NO' ANSWER
If you are in the Royal Arsenal area and would like advice on inheritance tax planning and estate planning, please contact Simpson Wreford LLP today. We will be delighted to assist you.
22 May 2025
Chancellor Rachel Reeves has confirmed that the annual tax-free ISA allowance won't be reduced from £20,000.
21 May 2025
Inflation jumped to 3.5% in the year to April, up from 2.6% in March, according to the Office for National Statistics (ONS).
20 May 2025
Almost half of UK sole traders feel unprepared for upcoming Making Tax Digital for Income Tax (MTD) for Income Tax changes, according to research conducted by IRIS Software.
19 May 2025
A survey carried out by the Financial Conduct Authority (FCA) has found that one in ten individuals have no cash savings at all.
16 May 2025
Parents of 16 to 19-year-olds will receive reminders from HMRC to extend their Child Benefit claim by 31 August if their child is staying in education or training or payments will automatically stop.
15 May 2025
The UK's economy grew by more than expected in the first three months of the year, according to the latest data from the Office for National Statistics (ONS).
14 May 2025
British entrepreneurs are considering selling their businesses as a result of changes to tax policy and ongoing economic uncertainty.
13 May 2025
The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).
Get in touch with us today for a free consultation.