Wills, Trusts & Probate

At Jackson Stephen we recognise that when it comes to having peace of mind about the future, one of the most important things is knowing that your loved ones are provided for, even after your death. By drawing on our specialist knowledge in this field and putting into place now the foundations for that provision we can help provide you with the assurance you need whilst at the same time seeking to minimise future Inheritance Tax liabilities.

Our services include:

Wills

Having a professionally drafted Will is invaluable in ensuring that your assets are inherited in accordance with your wishes and not under the rules of intestacy which would otherwise apply. It is also essential that Inheritance Tax is considered as the provisions of your Will can affect the future tax liability of your estate. Our Wills are prepared by a member of the Society of Trust and Estate Practitioners (STEP) in accordance with the STEP Code for Will Preparation (a copy of which can be found here) and we offer a personal service which is tailored to your own individual circumstances.

Trusts

Trusts have been used in estate planning for many years as a way in which to protect and manage family wealth and to reduce the liability to estate taxes in the long term. As well as advising upon the establishment of trusts both in lifetime and within your Will we can assist with all your associated requirements such as financial accounts, tax returns, day to day administration and ongoing advice for trustees, including tax advice. Our partners can also, where appropriate, act as professional trustees.

Probate

We appreciate that dealing with matters following a death can be difficult and the prospect of dealing with probate can for many be daunting. We provide advice and assistance in connection with the whole probate process and where requested our partners can act as professional executors/administrators of the estate. In ascertaining the Inheritance Tax position of the estate we also provide advice as to whether the tax liability might, via suitable post death planning, potentially be reduced, as well as structuring things going forward in such a way as to minimise future Inheritance Tax liabilities for the estate’s beneficiaries and future generations. We also prepare accounts for the estate and account for any other taxes, such as Income Tax or Capital Gains Tax, payable during the course of the administration of the estate.

Inheritance Tax Planning

Having already paid tax on income and gains during lifetime, we find that most people would like to minimise the amount of Inheritance Tax that their estate will suffer upon their death. Our experienced advisers can work with you and consider your own particular circumstances to devise short, medium and long term strategies to minimise the burden of this tax on you and your family’s wealth for years to come.

Lasting Powers of Attorney (LPAs)

This is a legal document which allows you to appoint someone you trust to make decisions for you should you lose capacity in future to make such decisions yourself. They come in two forms: Property & Financial Affairs and Health & Welfare and in connection with the latter we can prepare a Living Will where you express your wishes about how you want to be treated and cared for in certain situations. Once completed, it can be certified that you have capacity to give this power and are not acting in response to pressure from anybody else, we register the documents with the Office of the Public Guardian.

SERVICES

Tax
Planning

 

Tax
Planning

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ADVICE,
DEVELOPMENT,
STRATEGY

 

ADVICE,
DEVELOPMENT,
STRATEGY

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AUDIT,
ACCOUNTS,
TAX COMPLIANCE

 

AUDIT,
ACCOUNTS,
TAX COMPLIANCE

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OUTSOURCED
SERVICES

 

OUTSOURCED
SERVICES

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CORPORATE
FINANCE

 

CORPORATE
FINANCE

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IT MANAGEMENT

 

IT MANAGEMENT

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WEALTH
MANAGEMENT

 

WEALTH
MANAGEMENT

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WILLS, TRUSTS
& PROBATE

 

WILLS, TRUSTS
& PROBATE

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