Estate Planning Advice In Bridgnorth

Estate Planning Advice In Bridgnorth

Are you looking for Estate Planning advice In Bridgnorth?

Located on the main High-street is our Bridgnorth branch and our central office is only a few miles away in Codsall.

At Howard Wright, estate planning is usually concerned with ensuring that your assets on death are paid to your chosen beneficiaries quickly and efficiently. As part of our estate planning process, we will also look to take steps to legally minimise your inheritance tax liability.

Wills

A Will is the recommended starting point for most of our clients, who incorrectly believe that their spouse or next of kin will automatically inherit the whole of their estate in the event of their death.

As part of our Estate Planning process, we review any existing Wills that you have in place and recommend alterations and amendments where required. If a new Will is needed our team of fully qualified Will writers are here to help you draft a new Will.

Inheritance Tax

In the majority of cases, inheritance tax can be seen as voluntary tax, our inheritance tax options report provides a review of all the options available to legally minimise your inheritance tax liability.

This includes but is not limited to;

• Providing an overview of the allowances and exemptions that are available to you.
• Provide considerations for redistribution of assets between spouses / partners.
• Assess your ability to gift capital without impacting your capacity to fund your retirement.
• Outline the main features and suitability of various Trusts including, bare, discretionary, discounted gift, loan and reversionary trusts.
• Provide illustrations for life assurance, which allows you to retain your capital, whilst providing a lump sum in the event of your death to cover your inheritance tax liability.