You’ve worked hard for your wealth so of course you want to ensure that it’s protected for your family’s future. Whether it’s funeral expenses, care home fees or inheritance tax you’re concerned about, we can advise you in all areas of your estate planning and ensure your family’s needs are secured. Town & Country Financial Advisors in South Molton have the knowledge and expertise to help asses how we can minimise your tax liability and increase what you leave your loved ones.
What is Estate Planning?
Estate Planning is the process of anticipating and arranging for the disposal of an estate during a persons life. Estate Planning typically attempts to eliminate uncertainties over the administration of a probate and maximise the value of the estate by reducing taxes and other expenses.
What is Inheritance Tax?
Inheritance Tax is a tax which can arise where a beneficiary receives an inheritance as a result of someone dying. The beneficiary is responsible for paying the tax.
When you die the government will assess how much your estate is worth, they will deduct and debts from this to give you the value of the estate. Assets Include:
Cash in the Bank
Property & Businesses Owned
Pay Outs from Life Insurance Policies