Estate planning ensures that the financial affairs of the individual or family are dealt with as efficiently as possible and that Inheritance Tax (IHT) is minimised on death.
There is a lot of collation of information to process in dealing with the administration of the estate and our approach is to make the process as straight forward as possible. In considering the wishes of the deceased, there is sometimes other tax planning which we need to draw to the family’s attention. We can guide the family as well as preparing the appropriate tax returns and forms.
We also complete detailed estate accounts to help evidence that the executors have acted within their duties during the administration period.
How we can help
Churchgates advise clients on estate planning and the administration of an estate. With experienced staff who are also Society of Trust and Estate Practitioners (STEP) qualified, we are professionally recognised as ‘trusted advisors’ in this field.
The services which we offer clients in this area include:
- Advice on estate planning as part of a full review of financial affairs
- Advice on IHT, IHT exempt gifts, charitable gifts and philanthropy
- Administration of an estate when someone dies including consideration of how to plan and use CGT exemptions and the tax implications of appointing out certain assets.
- Record keeping, accounting and reporting
- Providing tax advice to beneficiaries of the estate
- Working in collaboration with our legal team, as necessary, to complete the legal aspects of settling an estate
For further information, please do not hesitate to contact us at Churchgates.