Skip links

Estate Planning

Find Out More

Estate Planning

Whatever your stage of life, planning how to manage your financial and other assets now and into the future, is essential to make sure you protect your wealth for you and your loved ones.

Our experts can advise you across a range of options, and help you make considered decisions about how to structure your assets in a tax-efficient way. That means you can relax knowing that you have planned for the future, whether for your retirement or for providing financial support for your family.

It matters not what you are worth in financial terms, protecting your assets and your family is important. We work with people from all walks of life to make sure you have the right advice to suit your circumstances.

Every family is different and has different needs, circumstances and priorities. Our experienced team has a wealth of experience in tailoring advice to suit you, all offered at fixed prices and in a friendly and approachable way.

Our Estate Planning Services include;

  • Wills – reviewing, advising and preparing
  • Inheritance tax planning – ensuring your loved ones receive the full benefit of your estate and that all available allowances are claimed
  • Trusts – setting up and administering trusts to manage money, property or investments for specific people or purposes
  • Lifetime giving – enabling you to spread your wealth and to see your family enjoy the benefit
  • Business succession planning – planning for the future so your business continues to thrive and ensuring robust arrangements in the event of a crisis
  • Planning for retirement – ensuring your assets are protected from third party claims and are available for you

Estate Planning legal Support at legalmatters

Your Questions, Answered

These are a few of the key questions we get asked about Estate Planning

Who should consider Estate Planning?

Everyone! It matters not what you are worth in financial terms, protecting your assets and your family is important. We work with people from all walks of life to make sure you have the right advice to suit your circumstances.

Estate Planning can serve different purposes, for instance to:

  • Wills – reviewing, advising and preparing
  • Inheritance tax planning – ensuring your loved ones receive the full benefit of your estate and that all available allowances are claimed
  • Trusts – setting up and administering trusts to manage money, property or investments for specific people or purposes
  • Lifetime giving – enabling you to spread your wealth and to see your family enjoy the benefit
  • Business succession planning – planning for the future so your business continues to thrive and ensuring robust arrangements in the event of a crisis
  • Planning for retirement – ensuring your assets are protected from third party claims and are available for you

Give us a call on 01243 216900 or email info@legalmatters.co.uk to see how we can help organise your assets in such a way as to meet your aims.

Can Estate Planning help to minimise IHT?

Yes, tax is often one of the main reasons clients talk to us about their Estate Planning needs. Nobody likes the idea of HMRC becoming a beneficiary of your Estate if this can be avoided.

Estate Planning to minimise tax might involve:

  • Structuring your Will in the right way
  • Advising on lifetime gifting
  • Advising on maximising tax reliefs such as business and charitable reliefs
  • Creating trusts to place assets outside of your ownership
  • Referring you to a financial advisor to look at insurance

Inheritance Tax is a big issue for lots of our clients but you need to strike the right balance to ensure that you always have sufficient assets to look after yourself.

Lifetime tax allowances are often underused and we can assess your circumstances and advise on useful allowances to ensure gifting to family is at an appropriate level and to ensure that valuable allowances are not overlooked.

Are trusts involved in Estate Planning?

Creating a Trust can be a useful part of estate planning. Creating a trust can enable you to gift money or property but in such a way that you retain control of what happens to it.

The effects of creating a trust can be to:

  • Protect assets from unnecessary tax
  • Control the way that beneficiaries can use and benefit from the assets in trust
  • Protect the assets from being assessed in the event of a beneficiary divorcing or going bankrupt
  • Ensure that blended families all benefit in a fair way

Trusts can be created in lifetime and / or via a Will on death.

Tax can be avoided if you survive 7 years or more after making a gift into a trust.

Trusts are managed by Trustees chosen by you. You may decide to be a trustee yourself. We can either advise family trustees or we can act as a trustee alongside family members. This can be a good idea so that we can be the ‘bad guy’ and diffuse any potentially difficult family dynamics!

What are the costs of having a professional Trustee?

You may be worried about the costs of having a professional person on board as a Trustee. If we are appointed as a Trustees, we will (at the outset) assess the work needed to create and administer the trust and provide you with a competitive and fixed fee.

Paying a fixed fee to a professional trustee enables you to have the reassurance of having a professional on board but knowing also that costs will not spiral out of control.

Our team are able to provide bespoke advice to your needs and circumstances and we will always consider if using trusts is right for you or if there are better solutions for you.

What does Estate Planning cost?

We offer competitive, fixed fees for all of our clients. Costs vary depending on what you are doing but paying a fixed fee enables you to have the reassurance of having a professional on board but knowing also that costs will not spiral out of control.

Rest assured that we will always work hand in hand with your financial advisor to ensure that there is no duplication of work and therefore fees.

Call us on 01243 216900 or email info@legalmatters.co.uk and we will provide you with a bespoke quote

Want To Know More?

Get in touch

Call Us On:

01243 444444

Send An Email To:

info@legalmatters.co.uk

Visit Us At:

The Byre, Hills Barns, Appledram Lane South, Chichester PO20 7EG

Our Others Services

Estate Planning

Key Contacts for Estate Planning

Andrew Titmus
Solicitor, Head of Estate Planning
andrew.titmus@legalmatters.co.uk
012432 16904 (Ext. 209)

Lucy Thomas
Solicitor and Legal Services Director
lucy.thomas@legalmatters.co.uk

If you would like to contact us please use the details below, or complete the forms opposite and we will respond as soon as possible.

Phone: 01243 216900

Mail: info@legalmatters.co.uk

The Byre, Hills Barns, Appledram Lane South, Chichester PO20 7EG



    We respect your privacy and do not spam. You can view our Privacy Statement by clicking on this link.