Estate planning

Benjamin Franklin said "in this world nothing is certain but death and taxes". However there are ways to reduce or eliminate inheritance tax. Few of us like the idea of our hard earned income being taken by the Chancellor rather than going to loved ones (or even to family!)

Even though the inheritance tax threshold has increased, you may still benefit from making early provision, especially since the legislation which governs the passing of property (without paying tax) to your chosen beneficiaries includes time limits for relief.

How can we help you?

When planning to transfer your estate, you need to strike a balance between your needs and the needs of your beneficiaries.  This requires a detailed knowledge of the tax regime and R A Clement Associates can help you discrete estate planning including:

  • Help when drawing-up or reviewing a 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

If you are considering making a will, we strongly advise you to begin by contacting us on 01631 562643 for a preliminary, financial review. See our contact details for further information.