Estate Planning Solicitors
To ensure that your family, close friends and other beneficiaries benefit from your estate as much as possible when you die, you should organise your estate in a tax-efficient manner.
Pursuing this can be highly daunting, particularly if you feel overwhelmed by the options available or are unsure of the most efficient and effective methods.
Therefore, speaking to a trusted and well-established team of lawyers is essential. At Bowsers Solicitors, our team have assisted clients across Cambridgeshire, Lincolnshire and Norfolk for many years to plan their estates tax-efficiently. We have extensive experience in this area and will offer advice in simple terms, ensuring that you understand the process and intended outcomes.
Estate Planning Solicitor Near Me
In short, Estate Planning is the process of transferring assets to beneficiaries or next of kin, allowing more of an estate to be passed to chosen beneficiaries when a person dies in a tax-efficient way.
There are a variety of personal assets that must be considered when creating an estate plan, including:
- Life Insurance Policies
This list is not exhaustive, and all assets should be considered as part of the Estate Planning process.
If you are looking for estate planning advice, please contact our experienced private client solicitors and chartered legal executives today on 01945 583194 (Wisbech) or 01354 652606 (March), or email firstname.lastname@example.org. Alternatively, you can fill in our contact form.
March and Wisbech Solicitors
Bowsers Solicitors are local solicitors for the local community. Although estate planning can be time-consuming and overwhelming, doing so can significantly benefit your loved ones when you are gone. An efficient estate plan is essential to keep your family of paramount priority. To plan your estate effectively, you should get in touch with our specialist team of experienced private client lawyers today.
To speak to one of our friendly yet professional private client solicitors or chartered legal executives today, please call 01945 583194 (Wisbech) or 01354 652606 (March), or email email@example.com. Alternatively, you can fill in our contact form.
Solicitor for Estate Planning Cambridgeshire
There are various ways in which you might plan or organise your estate, including:
- Wealth transfer to family or other beneficiaries whilst a person is alive in the form of gifts or trusts to remain tax efficient.
- Donate to charitable organisations to reduce the inheritance tax rate on the estate’s remaining value. If 10% or more of the balance is donated to charity, the inheritance tax rate will be reduced from 40% to 36%.
In addition, your Will is a vital part of your estate plan, as failure to adequately disclose the intended outcome for all your assets and finances could lead to mislaying of the estate. Without a Will, your assets and finances will be distributed according to the rules of intestacy, which will likely mean that your wishes are not upheld. Find out about our Will writing service here.