Estate Planning

No one likes to think about dying but, equally, few of us could live with the thought that we have not made adequate provision for family and others who survive us. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked so hard to accumulate will end up in the Government’s coffers. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we will die, this means making the necessary provisions now. The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available, thereby maximising the amount that goes to your beneficiaries. It is equally important when planning to transfer your estate, that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight – and a detailed knowledge of the tax regime. We provide a discrete estate planning service that includes:

  • help with drawing up and reviewing your will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between spouses
  • transferring agricultural or business property
  • transferring assets into trust
  • arranging adequate life assurance to cover potential inheritance tax liabilities.

We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.

For more information, contact John Pullinger on: Tel: 01883 717077 Fax: 01883 712243 E-mail: johnpullinger@mckenziesgroup.com

 

McKenzies is registered to carry on audit work in the UK and is regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. A list of partners’ names is open to inspection at 2 Station Road West, Oxted, Surrey RH8 9EP. Copyright © McKenzies. All rights reserved.