![]() If you have minor children, estate planning allows you to select suitable guardians who will care for them in your absence. It provides clarity and instructions for the fair distribution of your assets, in line with your wishes. Avoiding family disputesĪ well-crafted Will can prevent family disputes and conflicts over your inheritance. This means more of your assets will go to your beneficiaries. ![]() Minimising taxationĮstate planning solicitors can help you navigate the intricate world of Inheritance Tax and Capital Gains Tax, ultimately reducing the tax burden on your estate. You can make provisions for your spouse, children, and other dependents to secure their financial wellbeing. Protecting your loved onesĮstate planning ensures that your loved ones are taken care of after you’re gone. Here are some of the top reasons to begin planning your estate from an early stage of life. Without a careful and considered approach to planning your estate, issues can arise with distributing assets amongst your family as you’d intended – and the outcome is often that those closest to you have to pay more tax than they otherwise would. Working in close partnership with tax accountants and financial advisors, our expert probate and estate administration solicitors can assist you in safeguarding your legacy. At Richard Nelson LLP, we understand the emotional and practical significance of estate planning. In England and Wales, you’ll need to navigate a complex legal and accounting landscape to transfer your assets in the most tax-efficient way.Īn experienced team can help you to make informed decisions as you get your affairs in order. Written by specialist consultant solicitor, Rebecca Head, this guide explores the nuances of securing your legacy via estate planning and provides a helpful 11-point checklist.Įstate planning is the process of securing your family’s financial future and ensuring that your assets are distributed as per your wishes. Managing your assets, providing for your loved ones, and minimising tax liabilities is an extensive and often complicated undertaking that requires you to take a comprehensive approach. Estate planning is about more than just writing a will.
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