See our clients' feedback about our Tax Planning Team.

Planning for the future is very important, often we all leave things to late. Peace of mind is something that is hard to place a value on.

In addition to advising on inheritance tax issues (see our Wills section) we can assist you with income tax and capital gains tax. We can help you complete your self assessment tax return and ensure that all of the appropriate exemptions and reliefs have been claimed for you.

Here are just some of the things we can advise you on :-

Lasting Power of Attorney

A Lasting Power of Attorney, or LPA, is a document which ensure that a trusted person is appointed to act on your behalf if incapacity were to strike. This was introduced in October 2007 (the previous documentation was called an Enduring Power of Attorney or EPA) and it works in a similar way to a will to explain how your affairs would be handled if you were to become mentally or physically incapable of dealing with your own affairs - read more about Lasting Powers of Attorney.

Long Term Care Planning

It's hard to imagine not being able to live in your own home, and look after yourself.  Planning at the right time to make sure any care you may need in the future is covered without having to sell your home is important for some people.  Find out more about the rules about paying for a permanent care home place.

Living Wills

A Living Will can record your wishes, with respect to certain medical procedures that are/are not to be employed on loss of mental capacity ("advanced directive"). Alternatively, a Living Will can record your beliefs on such procedures for the family to consider should a difficult decision with regard to your health have to be made ("non-advanced directive").

Inheritance Tax Planning

When trying to minimise the inheritance tax payable on your estate by your beneficiaries, there are many different options, depending on the circumstances. Subject to your particular situation, the size of your estate and various other factors, we can provide you with a list of options and their pros and cons. Since October 2007 an additional £300,000 allowance may be available to the surviving spouse/civil partner. Please contact us for further advice.

Inheritance Tax Calculator

Trusts

A Trust is a fund which contains assets that are controlled by you and/or a nominated third party for the benefit of a specific individual(s). They are governed by complex legal regulations and separate tax rules. A Trust can be set up at any time during the lifetime of an individual to become operative immediately or, not until your death.

Guardians

If you have young children, you should consider appointing guardians to take care of them if you die while they are still young. Even if you have "god parents" we all know that the choice of god parent is sometimes an emotional decision made a specific time.  This is usually done whilst making your Will.

Book a Free Appointment

Contact a member of our Private Client Team to arrange a free initial appointment at either our Christchurch or New Forest office where you can meet your solicitor to see if you 'get on with them' and find out more about the process and likely outcome.