WILLS AND WEALTH SUCCESSION PLANNING

Should you die without making a Will, or where the Will you made does not deal with all your assets, this can often lead to uncertainty as to who might benefit from your estate. Your entire estate does not automatically go to your spouse / civil partner if you do not have a Will. It is therefore important to execute a Will and review this regularly should your circumstances change.

In order to prepare your Will we will consider the nature and value of your estate and carry out a full financial assessment of the extent of your assets. Having regard to your wishes and family circumstances we can help in ensuring that your family and dependents are provided for in the most tax efficient way.

We work closely with the Family Department who can give advice on such matters as pre-nuptial agreements and adoption.
Typically, our clients refer to us for our expertise in:

• In contemplation of marriage and civil partnership
• Passing assets through the generations, especially for non-conventional family units
• Advising business clients and individuals so that they take advantage of all available tax reliefs and exemptions (business/agricultural property relief, spouse or civil partner and charity exemption)
• Residence and Domicile status and how complexities in this area can affect succession matters
• Routing any pension death benefits and life assurance proceeds outside of your taxable estate
• Advising on the suitability of including trusts (for example immediate post death interest and/or discretionary) in your Will where the devolution of your estate necessitates more complex drafting
• Setting up one or more pilot trusts to receive assets gifted by your Will
• Tax planning through nil rate band discretionary trusts and maximising the availability of any transferable nil rate band
• Protecting young members of the family or those with a disability
• Planning in the event of surrogacy
• ‘Living Wills’ and Advance Directives

For further information on the services we offer, please contact Matthew Duncan or Arshoo Singh on +44 (0) 20 7814 1200 or email mduncan@kingsleynapley.co.uk or asingh@kingsleynapley.co.uk.

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