Estate Planning

Estate Planning

It is natural to want your relatives and friends to benefit in full from the assets within your estate. In many cases it is possible to take steps to reduce the potential tax liability on those assets. This is sometimes called ‘estate planning,’ and we have experienced practitioners who can assist in this specialist area.

Whilst we cannot always escape the ‘tax man’, the government does make certain allowances which, if used prudently and at the correct times, can result in considerable savings. This will then allow those assets to be used by and for the benefit of your family and, perhaps, future generations.

We can give specialist advice in relation to the use of gifts, the setting up of trusts and the awareness of tax breaks and thresholds, which can assist in avoiding unnecessary taxation, always fully within the law. We do not however advocate or participate in aggressive tax planning of a type likely to alienate HM Revenue and Customs possibly to the extent of risking litigation. If you have an accountant, we will also be happy to liaise with them during the course of our work for you.

Whilst we cannot offer investment advice, we can refer you to fully independent financial advisers who can help you to decide upon the most appropriate and tax-efficient vehicle in which to invest any funds.

If you would like to discuss the potential advantages of estate planning with us, please contact either David Shackleton, Claire Green (Ripon), Alison Johnson (Bedale) or Marie Nelson (Thirsk).

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