Estate planning can be divided into two main areas:
Inheritance tax planning »
Inheritance tax, or IHT as it is commonly known, is payable on everything you have of value when you die. The tax is typically charged at 40%.
At Bartholomew Hawkins, we will help identify your current inheritance tax position. We will then, based on your circumstances, provide inheritance tax advice including any immediate planning that can be implemented. We will then think about inheritance tax planning that can be considered in the near future when we conduct our regular reviews.
Wealth preservation »
This area of estate planning is often overlooked but for most of our clients is the most important consideration. It also affects the vast majority of people unlike IHT.
When working with Bartholomew Hawkins, we will help identify the important people in your life and consider if you were not here, who you would want to receive different assets or items that you own. More importantly, how we can best protect your wealth you have worked so hard to create to ensure it is not lost in future generations through remarriage, divorce, death or bankruptcy?
Although it’s hard for loved ones to talk about death, making it known how you would like your estate to be distributed can save everyone a lot of worry.
At Bartholomew Hawkins, we have the expertise and knowledge to provide inheritance tax advice which will help you to make the right decisions about planning your estate. We will discuss all the options available to you to and help you make decisions that are right for you.
For further information our range estate planning solutions, please call 029 2050 8000 or email: [email protected].
