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This work covers drafting wills that aim to minimise Inheritance Tax and plan for efficient wealth transfer after death, while complying with current tax reliefs and exemptions. A solicitor in this area will draft or update a will to secure appropriate use of exemptions, trusts, gifts, and the nil-rate band, review asset ownership and beneficiaries, and liaise with executors and Trustees to secure their duties under the will and any associated lifetime planning.
The solicitor identifies the tax-sensitive steps that affect transferable assets and uses legal mechanisms like exemptions and trusts to protect your position; they ensure the will aligns with UK Inheritance Tax rules and the client’s family circumstances, reducing risk of unintended tax consequences and ensuring executors understand their role and powers.
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Tagged solicitors Amy Palfreeman and Helen Carter
Blacks Solicitors were really great in assisting me to sell my late sister’s bungalow. Amy was very helpful and professional, happy to explain parts of the contracts I was unfamiliar with and the sale went through smoothly. I would recommend.
Review left by Tom_swfc
