Estate Planning2023-08-21T08:29:39+00:00

Estate Planning Solicitors

Estate Planning Solicitors

Planning for the future of your estate guarantees that your wishes will be respected and that your loved ones will be provided for.

Estate Planning

Our Wills, Trusts & Estate Planning team have a wealth of experience in helping individuals protect their loved ones and put their affairs in order, during their lifetime and in the event of their death.

Many people have a mixture of assets comprising of property, business interests, and investments. If you need help to ensure that the most benefit reaches your next generation with a view to mitigating tax liabilities we can help.

We use a range of tools, from trusts and wills to deeds of variation. We know that everyone is unique and has their own special circumstances so we look at preparing bespoke plans designed around your needs, wishes and goals.

How we can help?

Our solicitors can help with estate planning services such as:

  • Wills – advising, drafting and executing
  • Trusts – setting up and administering trusts to manage money, property, or investments for specific people/purposes
  • Inheritance tax planning – ensuring beneficiaries receive the benefit of your estate
  • Wealth management – advising on investments and wealth-holding structures
  • Succession planning – planning for the future so your business continues
  • Planning for care home fees – ensuring your assets aren’t depleted in later life
  • International estate planning – ensuring your estate is not subject to tax in multiple jurisdictions

FAQs

Please see below for our most frequently asked question. If you have any more questions, please feel free to contact us.

What issues could I face as a high net worth individual?2023-05-09T21:41:34+00:00

While being a high-net-worth individual can bring greater financial security, it also means there is often more to think about in order to plan effectively.

Issues high-net-worth individuals often face include:

  • The complexity of UK tax laws – especially if you also have international assets
  • Assets held in different structures (i.e. trusts, businesses, investment companies, rental property)
  • Asset protection
  • Protection of privacy
  • Succession planning for business
How can trusts be used in estate planning?2023-05-09T21:36:40+00:00

You can make a trust in your lifetime or write one in your Will to take effect upon your death. Lifetime trusts can help save inheritance tax, if you make a gift at least seven years before your death. A trust allows you to make gifts of assets or property in a controlled way that:

  • Protects it from unnecessary tax
  • Ensures the beneficiaries use the funds appropriately
  • Means various people can benefit from it at different times
Can estate planning help minimise inheritance tax?2023-05-09T21:40:37+00:00

Preparing for inheritance tax is essential so that the value of your estate is not drastically reduced for your loved ones. With effective estate planning, you can ensure your wealth is protected for the next generation.

Who should consider estate planning?2023-05-09T21:41:46+00:00

Estate planning can be useful to anyone. You can use estate planning to:

  • Minimise inheritance tax
  • Prepare for future costs such as care home fees
  • Plan for what would happen if you lost your mental capacity
  • Set up dedicated trusts
  • Make sure your loved ones are provided for
  • Put in place succession plans if you are a business owner

How we can help

Our experienced solicitors are on hand to support you with a range of legal services.

Wills
Powers of Attorney
Trusts

Contact Our Wills & Probate Team

If you have a question about wills and probate, or would like to speak to a solicitor, please complete the form below or call us on 0161 672 2267

What people say about us

I am immensely grateful for the exceptional service provided by Walsh Solicitors. Their expertise and meticulous attention to detail transformed what initially felt like a complex process into a smooth and well-guided journey. With their guidance, I was able to secure my family’s future with confidence, knowing that my estate is in order.

Simon

Go to Top