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Wills, Trusts & Estates

Estate Planning Solicitors

Estate planning is essential to make sure your wealth is protected for you and your family. By structuring your assets in a tax-efficient way, you can make sure everyone is provided for in the future.

Our solicitors can help with estate planning services like:

  • Wills – advising on, drafting and executing
  • Inheritance tax planning – ensuring your loved ones receive the full benefit of your estate
  • Trusts – setting up and administering trusts to manage money, property or investments for specific people or purposes
  • International estate planning – making sure your estate is not subject to tax in multiple jurisdictions
  • Wealth management – advising on investments and wealth-holding structures
  • Business succession – planning for the future so your business continues to thrive
  • Planning for care home fees – ensuring your assets aren’t depleted in later life

Our partner-led team offers the full range of legal and tax expertise you need to help you plan effectively for the future. We’re experienced in dealing with complex estates, often with international elements.

Estate planning is not just about reducing tax. It’s about giving you peace of mind for the future, knowing you’ll have enough after retirement and your loved ones will have the financial support they need.

Every family is different and every estate is unique. We understand this and we work with our in-house tax specialists and, where appropriate, financial planners to create a bespoke plan that works for you and what you want to achieve.

Call the team today on 0370 1500 100 – or use our online form and we’ll call you back.

Work with financial planners to plan for tax efficient estates
Detailed knowledge of inheritance tax and how to protect your assets
Offices in 15 locations across the country
Professional and confidential service

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Estate Planning Solicitors - More Information
    • Who Should Consider Estate Planning?
    • Estate planning can be useful to anyone. You can use our estate planning services to:

      • Minimise inheritance tax on your estate
      • Prepare for future costs, such as care home fees
      • Plan for what would happen if you lost mental capacity
      • Set up dedicated trusts for things like school or university fees
      • Make sure your loved ones are provided for after your death
      • Put in place succession plans if you are a business owner.

      Whether you’re worried about protecting your wealth, preparing for the future, or just making sure you leave your affairs in good order for your loved ones, we can help.

    • Can Estate Planning Help Minimise Inheritance Tax?
    • Yes – we can advise on how to structure your Will to make sure any tax will be as low as possible.

      There are different ways you can reduce your inheritance tax bill, including:

      • Leaving money to charity
      • Setting up trusts
      • Giving away parts of your estate while you are still alive.

      Preparing for inheritance tax is essential so that the value of your estate is not drastically reduced for your loved ones. With effective estate planning you can make sure your wealth is protected for the next generation – our lawyers and tax advisers can advise on the best way to do this.

      Lifetime inheritance tax exemptions are also a valuable planning tool to consider, if you have spare income or capital that you can give away before your death. Our financial planners may be able to help you rearrange your assets so that you can make a gift of something in your lifetime and save your estate being taxed.

      Read more about inheritance tax planning.

    • How Can Trusts Be Used In Estate Planning?
    • Trusts are a valuable part of estate planning. They allow you to make gifts of assets or property in a controlled way that:

      • Protects it from unnecessary tax
      • Ensures the beneficiaries (who receive capital or income from it) use the funds appropriately
      • Means various people can benefit from it at different times (this may be helpful, for example, if you have young children from a current relationship and older ones from a previous marriage).

      You can make a trust in your lifetime or write one in your Will to take effect upon your death. Lifetime trusts can help save inheritance tax, if you make a gift at least seven years before your death.

      To ensure you still have control of what happens to the gift while you’re alive, you can appoint yourself as a trustee. If you don’t want the responsibility yourself, Irwin Mitchell is also frequently appointed as a trustee for lifetime trusts, as well as will trusts.

      Find out more about setting up a trust.

    • What Issues Could I Face If I Have Assets In Multiple Countries?
    • Tax regulations are constantly changing, and the laws surrounding international wealth have become particularly strict in recent years.

      If you hold assets in more than one country, you’ll need to consider:

      • Whether you’re classed as resident or domiciled for tax purposes
      • Changing tax laws for structures such as offshore trusts
      • Automatic exchange of information under financial agreements such as Common Reporting Standard, Foreign Account Tax Compliance Act, and others
      • Increase in HMRC enquiries and investigations
      • Changes to regulatory and privacy requirements in offshore financial centres.

      There can also be different cultural elements for wealth held in foreign jurisdictions – for example, forced heirship and Sharia law. This may affect the ownership status of your assets and how you can pass them on to the next generation.

      We frequently work with international clients and have the expertise to deal with the unique issues that arise.

      Find out more about international estate planning.

    • What Issues Could I Face As A High Net Worth Individual?
    • While being a high net worth individual can bring greater financial security, it also means there’s often more to think about in order to plan effectively.

      Some issues that our high net worth clients often face include:

      • The complexity of UK tax laws – especially if you also have international assets to think about
      • Assets held in many different structures (i.e. trusts, businesses, rental property, investment companies)
      • Asset protection – from creditors or life events such as divorce
      • Protection of privacy – especially important for clients with a high profile in the media
      • Succession planning for businesses and family governance.

      Our solicitors and tax experts are able to provide the bespoke advice you need to protect your wealth for the future. We frequently work with high net worth and ultra high net worth clients and pride ourselves not only on our expertise but also our discretion.

Irwin Mitchell are a very professional, trustworthy and straightforward company to deal with. I would recommend them to anyone."

Frank Clayton, client

Frequently Asked Questions

Do I Need To Appoint Irwin Mitchell As My Executor?

No, you can appoint whoever you want as your executor. This should be someone you trust who you know can cope with the responsibilities of administering your estate.

Many people do prefer to appoint a professional executor of course. You’ll have peace of mind knowing your estate will be dealt with by someone with the right expertise to administer it efficiently and deal with any issues that arise.

Irwin Mitchell often acts as executor for clients and there are a number of benefits as part of our Wills Assured service when you do this.

However, it’s not essential – you can make use of our estate planning services without appointing us as your executor.

Find out more about the duties of an executor.

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Why Choose Irwin Mitchell?

Estate planning is one of our core specialities at the very heart of our work in Tax Trusts and Estates. We’ve given extensive estate planning advice over many years, drawn up thousands of wills and trusts and helped hundreds of clients structure their assets effectively to make the most of their capital and income.

We offer a comprehensive service, drawing on the expertise of our multi-disciplinary team. This means everything is done in-house and allows us to deliver a uniquely streamlined service for our clients.

We have a national presence, with offices across the country. Wherever you are, our advisers are on hand to help.

Call the team today on 0370 1500 100 – or use our online form and we’ll call you back.

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What’s The Residence Nil Rate Band (RNRB)?

In 2017 a new inheritance tax relief was introduced, called the Residence Nil Rate Band (RNRB). It means that some estates over the inheritance tax threshold of £325,000 may qualify for an additional tax exemption.

It’s essential to plan effectively to make sure you can take advantage of RNRB. The law is complicated in this area: if you don’t seek expert advice, your estate could end up not qualifying or getting less tax relief than it should.

Our tax specialists have the in-depth knowledge you need to make sure your estate benefits from RNRB if it’s eligible. We’ll help you make sure your assets are structured properly and your Will is up to date to reflect current legislation.

Read more about inheritance tax planning.

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Awards & Accreditations

We're always proud to be recognised for the work we do for our clients and have been named as a leading firm in the latest legal guides - which provide information and recommendations about lawyers and law firms in the UK

Private Client Team of the Year - Legal Business Awards 2018 chambers-2019 legal-500-2019 The Times Best Law Firms 2019 eprivateclient Top Law Firms 2017 chambers-high-net-worth-firm-2018-logo

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