Inheritance and tax planning

When planning the terms of your will, taking good legal advice can help you ensure that your loved ones are properly provided for and that any inheritance tax-saving measures have been incorporated. At Mooney Everett Solicitors in Ormskirk, West Lancashire, our expert lawyers offer advice on all aspects of wills and probate law. We can help you think through your plans and their financial impact.

When drafting your will, our experienced lawyers will outline whether introducing a trust in your will would be useful in addressing any particular concerns. Many people have trusts in their wills, possibly without realising it.

Trusts were traditionally used for tax planning but they are often the solution to some tricky considerations. They are particularly useful where there are concerns about providing for the physical or mental capacity of a family member, multiple marriages and children from different relationships.

Your estate will be subject to inheritance tax thresholds and other matters. Tax planning involves thinking about your home, the value of any investments, and the implications of trusts. Planning now allows you to consider reliefs and exemptions and the option of making gifts to limit any tax implications.

At Mooney Everett we will provide you with a well-drafted will that ensures people know how to share out your estate exactly as you wish, in a financially sophisticated way.

At Mooney Everett we explain things in plain English, free of any jargon. We will discuss all the options with you, outlining the costs involved from the outset, and we make sure that you are kept informed regularly.

For confidential advice, contact Pam Briscoe, head of the wills and probate team in Ormskirk, on 01695 574111 or email email hidden; JavaScript is required to arrange an initial appointment.  We also offer Skype meetings at a time that suits you.

We can also help you with:

  • making a will;
  • estate administration;
  • making a power of attorney;
  • court of protection applications; and
  • wills and inheritance disputes.