Making a Will and Inheritance Tax Planning
Making a Will not only ensures that you pass the assets in your estate to the people you want to receive them, including non family members or charities it will also enable you to specify who you want to deal with the administration of your estate, by appointing Executors and enable you to appoint guardians for any minor children. In addition to this making a Will may also enable you to incorporate tax planning.
At Coffin Mew we offer our Will writing services, tailored to your needs, from simple Wills to more complex Wills incorporating Trusts and tax planning. Once we have met with you to understand your requirements we will provide you with a fixed estimate for preparing your Will.
It is also important to regularly review your Will when your family or financial circumstances change.
We also offer a service to review your existing Will with you and advise if any changes are required to meet your current circumstances.
Coffin Mew are Founder Members of Certainty.co.uk, the National Will Register.
Inheritance Tax Planning
On death, an individual’s estate is valued and Inheritance Tax (IHT) will be paid on the value of the estate over the nil rate band, at a rate of 40% (or 36% where more than 10% of the estate is left to charity). The current nil rate band for an individual is £325,000 or for married couples or registered civil partners up to £650,000 using the transferable nil rate band.
It is possible to mitigate your potential IHT liability during your lifetime by taking advantage of the exemptions and reliefs available. At Coffin Mew we offer a service to meet with you to discuss the value and nature of your assets and advise on any tax planning which you may undertake to reduce the value of your potential IHT liability this may range from making lifetime gifts to setting up Trusts.
If you would like further information please contact us on 023 9238 8021 or click below to send an email.
What our clients say
We would have no hesitation whatsoever in recommending your services. Thank you for making the Will writing process stress free.
We felt the transaction extremely well done, with very thoughtful and respective contact, installing confidence that our Wills were correctly written out and in safe hands.