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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.
27 Jun 2022
The Bank of England (BoE) has reminded the public that it will be withdrawing the legal tender status of paper £20 and £50 banknotes after 30 September 2022.
24 Jun 2022
The estimated tax gap for the 2020/21 tax year is 5.1% - the second lowest recorded percentage - and is unchanged from the previous year, according to the latest data from HMRC.
23 Jun 2022
The UK government has announced plans to strengthen rules on 'buy now pay later' services, improving protection for users of the short-term credit.
22 Jun 2022
UK inflation has risen to 9.1% in May from 9% in April as the cost-of-living crisis continues, according to the latest data from the Office of National Statistics (ONS).
21 Jun 2022
Manufacturing trade body Make UK is calling for an emergency, pre-recess package of business support measures.
20 Jun 2022
HMRC is extending the pilot for Making Tax Digital for income tax self assessment (MTD ITSA) to more self-employed workers and landlords.
17 Jun 2022
The Bank of England (BoE) has raised UK interest rates to a 13-year high of 1.25% and is now predicting inflation will hit 11% this autumn, when energy bills are set to rise again.
16 Jun 2022
The Institute of Directors (IoD) has launched a new inquiry to analyse how good corporate governance can drive innovation.
Get in touch with us today for a free consultation.