Estate planning

You've worked hard to build your wealth all your life, so you don't want the taxman to take a large portion of your estate when you need to pass it on to your heirs or family.

Unfortunately, this is exactly what happens to a lot of people – largely because they don't like the thought of having to make a Will or setting up a Lasting Power of Attorney, especially when they're in the prime of life.

All too often, urgent deathbed planning is carried out as a last resort – and that means compromises have to be made. By thinking ahead and preparing a Will or Lasting Power of Attorney now, you can prevent many problems from rearing their ugly heads later on.

So talk to THP today about effective estate planning. One of our advisors can help you to:

• Draw up an effective Will or review an existing one
• Draw up an effective Lasting Power of Attorney and explain why this is so important
• Identify tax exemptions and reliefs that apply in your particular circumstances
• Ensure tax efficient lifetime transfers between you and your spouse are fully utilised and tax effective
• Transfer business or agricultural property without triggering large tax liabilities
• Find the best ways to move assets into trust
• Use life insurance as protection against possible Inheritance Tax liabilities where this is likely to be advantageous,

Estate planning is the best way to make sure your money and assets benefit your family and heirs rather than the Exchequer. And if you plan early, last minute  ‘deathbed planning' may well prove unnecessary. You'll have one less thing to worry about as you continue to enjoy a rewarding and healthy life.

Contact our estate planning team for a free, no-risk consultation. We'll make sure more of your wealth goes to the people you want to receive it.