Description: A financial professional who can advise on the financial and tax implications of Wills and Trusts. They can help with asset valuation, tax planning, and trust administration.
Benefits:
- Tax Planning Expertise: Provides valuable insight into Inheritance Tax and other relevant taxes, helping to minimize liabilities.
- Asset Evaluation: Can accurately assess the value of your assets, crucial for estate planning and tax purposes.
- Holistic Financial View: Understands your overall financial situation, ensuring your Will and Trusts align with your broader financial plan.
- Business Succession Planning: Offers expertise in planning the transfer of business ownership.
- Trust Administration: Can assist with the ongoing financial management and tax compliance of trusts.
- Potential to Act as Executor/Trustee: Their financial acumen makes them suitable for these roles.
Important Note: For complex situations involving significant assets, business interests, potential Inheritance Tax liabilities, or complex family structures, it is generally advisable to seek advice from a qualified solicitor specializing in Wills and Probate. While other resources can be helpful for simpler estates, a solicitor provides the highest level of legal expertise and protection. Collaborating with an accountant alongside a solicitor can also be beneficial for comprehensive financial and tax planning.