At Comptons we believe planning for your estate is not just about mitigating your tax liability. It is equally about giving you peace of mind, knowing you will have enough for retirement and your loved ones will have the financial support they need.
Estate planning can be useful to anyone at any age. You can use our estate planning services to:
Whether you’re worried about protecting your wealth, preparing for the future, or just making sure you leave your affairs in good order for your loved ones, Comptons Solicitors can help.
We can help you plan your estate’s inheritance tax so your loved ones can make the most of your assets, wealth, and property. Sophisticated planning and expert legal advice are essential to make sure your estate is inheritance tax (IHT) efficient, particularly if you own businesses or significant assets. We can advise you on how to take advantage of the complex web of IHT reliefs and exemptions and maximise the inheritance you pass on to the next generation. Our dedicated team of lawyers are recognised experts in all aspects of inheritance tax, including:
Inheritance tax is a dynamic area of law that is subject to constant change. It’s important to plan for the impacts of inheritance tax and keep your plan updated to account for the latest developments in the law.
Our solicitors can provide advice and assistance on the most tax-efficient ways of dealing with your estate.
Assets sold during the administration of your estate could be exposed to capital gains tax where there has been an increase in value. However, the amount of tax due can be avoided or reduced if appropriate measures are taken. To better understand Capital Gains Tax, speak to one of our solicitors.
Lanka Bandara, Head of Private Client at Comptons Solicitors explains why a Lasting Power of Attorney (LPA) may need updating in the UK under certain circumstances.
Writing Wills and Estate Planning may seem to some, something to get round to in the future. But rather alarmingly, a recent IRN Wills and Probate Research Report, titled UK Wills & Probate Market 2020: Consumer Research Report*, has found that fewer than 4 in 10 adults in the UK have made a Will, despite owning a property.
A Lasting Power of Attorney (also known as an LPA) is a legal document that can be used to appoint someone else to make decisions about your own assets, health and welfare.