If You Don’t Have a Will, HMRC Could Claim Up...
Read MoreIf You Don’t Have a Will, HMRC Could Claim Up to 40% of the Wealth You Never Planned to Give Away
Many people believe inheritance tax only concerns the very wealthy. In reality, anyone who owns a home, invests, builds up savings or runs a business can fall within the scope of UK inheritance tax without ever realising it.
Throughout our lives we work, we make sacrifices, we save for our children’s future and we build the legacy we intend to leave behind. Yet, sadly, many people never plan how that wealth will be protected after their death, or how it can be passed on to their loved ones in the most efficient way.
This is exactly where HMRC steps in.
Without a properly drafted will and comprehensive estate planning, a significant portion of the assets you spent years building can be lost to inheritance tax. In some cases, this can reach as much as 40%.
Stop for a moment and think…
Would you want a significant portion of the wealth you have earned through a lifetime of work, saved for your children and intended to leave for the future, to go to the state as tax rather than to your family?
What’s more, it’s not just about tax.
If there is no will or if planning has not been carried out adequately, disputes may arise within the family, the probate process may drag on for many years, unnecessary legal costs may be incurred, and the outcomes you wished for whilst you were alive may not materialise.
What Is Possible with Professional Planning at the Right Time?
With professional planning carried out at the right time, you can:
- Decide for yourself who will inherit your assets.
- Protect your children and the people you love.
- Put in place solutions designed to reduce the inheritance tax burden.
- Minimise the risk of disputes within the family.
- Pass your business and investments on to future generations more securely.
- Help safeguard the wealth you built over many years.
It is worth remembering that making a will is not about death; it is about protecting the people you love. Estate planning is about thinking not only of today, but of the generations to come.
Sadly, none of us knows what tomorrow may bring. That is why estate planning and preparing a will are not matters to be put off. Planning carried out early can prevent many of the problems that may otherwise arise later, and can give your family real peace of mind.
We’re here for you with Advantage Solicitors
At Advantage Solicitors, our expert team provides comprehensive legal support with:
- Will drafting,
- Estate and asset planning,
- Inheritance tax planning,
- Setting up trusts,
- Lasting Power of Attorney,
- Protecting family wealth,
- Business and investment planning.
A small step you take today can make a profound difference to the future of your family and the people you love.
Act before it’s too late. Don’t leave the future of the wealth you built over a lifetime to chance.
Get in touch with Advantage Solicitors and receive professional advice from our expert team.
Fidan Osoy
Director Solicitor
Get in touch
You can contact us by filling in the form below.
- 0208-807-1676
- +44 7903 567982
- enquiries@advantagesolicitors.com
- 252 Green Lanes, London N13 5TU, United Kingdom