When you instruct Fairmont Legal to draft your will, we want to ensure that estate planning is dealt with in the best interests of both you and your loved ones. Estate planning looks at how your estate on death can be passed onto your loved ones in the most tax efficient way or provisions made to pay the liability.
HMRC states:
“There’s normally no Inheritance Tax to pay if either:
- the value of your estate is below the £325,000 threshold
- you leave everything above the £325,000 threshold to your spouse, civil partner, a charity or a community amateur sports club
If you give away your home to your children (including adopted, foster or stepchildren) or grandchildren, your threshold can increase to £500,000.
If you’re married or in a civil partnership and your estate is worth less than your threshold, any unused threshold can be added to your partner’s threshold when you die.”
As a firm of solicitors, estate planning is outside the scope of our expertise, which is why working with a financial adviser brings a wide range of benefits, from financial education and goal setting to investment advice along with intergenerational wealth planning.
For the benefit of our clients, we are proud to announce a partnership with an independent financial advice firm providing holistic financial advice. Services include:
- Estate planning advice
- Investment and financial planning
- Advice on planning for retirement
- Protecting your income if you are unable to work
- Protecting your family in the event of death
- Shariah and Ethical investment opportunities
To find out more visit https://blackstonewealthltd.co.uk/company-bswm
