Tax-Efficient Wills Services
Tax Efficient Wills Services
At Deborah Bowers Will Writing Services, we know that estate planning goes beyond the process of deciding who will get what after you are gone; it also means enabling your heirs to receive as large a share of your estate as possible, tax-sheltered. Advice on IHT means our wills services assist clients across the United Kingdom in producing a legal document that will allow as much of an estate as possible, free from the burden of IHT.
Our Approach to Tax Efficient Wills Writing
The basis of our formation of tax efficiently includes the principles based on the understanding of the United Kingdom tax laws and estate planning. Through close collaboration with our clients, we see areas for formulating your will in a way that will have the most benefits for the beneficiaries. Here are some of the key strategies we employ:
- Nil-Rate Band Allowance: All people have their exoneration tariff, a limit that is not subjected to inheritance tax charges. For our clients we assist in leveraging this threshold and for married couples or civil partners we can make arrangements for both of your wills to ensure the maximum tax-free amount is claimed, effectively claiming the allowances of two people.
- Residence Nil-Rate Band: Where clients transfer their family home to direct descendants, another allowance also free of tax is called the residence nil-rate band. Our team guides you on how best to use this extra amount to minimize the IHT on your family home.
- Trusts for Asset Protection: Optional trusts under your will are another strategy for reducing IHT but preserving the assets. Trusts give you more power over the disposing of those assets and when; something that can be very useful in cases where the beneficiaries are juvenile or disabled. More precisely, trusts can create tax effectiveness in the sense of excluding specific assets from an estate for IHT purposes.
Why Choose Deborah Bowers for Tax Efficient Wills?
Deborah Bowers Will Writing Services has been into will writing and estate planning for over four decades, and the company possesses every capability to help its clients prepare tax-effective wills to preserve their estate. We know how it feels to be pressed for time and confused about which STD/IT tax option to take and therefore we present each of the options keenly and explain to the client the benefits and drawbacks of each option in a very compassionate manner.
There is always a dedicated team ready to help and identify your desires, needs, and goals and ensure you get advice that reflects your path. When you invest with us, your estate will be properly structured to ensure your family is well taken care of by denying every family the full potential of its fair share of taxes.
Secure Your Legacy with a Tax Efficient Will
The only course as sophisticated is as necessary to take steps toward making a tax efficient wills that is possible for your family. At Deborah Bowers Will Writing Services, we have high ambitions of ensuring that we give our best in helping the clients. Call us now for an appointment and find out how our Tax-effective Wills solutions can be used to preserve as much of your estate for those who stand to benefit from it.