Inheritance tax planning, Lymington

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In Lymington, Moore Barlow Solicitors offer comprehensive Inheritance Tax Planning services that align with the distinct needs of its residents.

Our solicitors are dedicated to helping individuals and families safeguard their estates and pass on their assets efficiently. With a deep understanding of local dynamics, we provide Lymington residents with personalised strategies to navigate the complexities of inheritance tax and achieve their financial goals.

What is inheritance tax planning?

Inheritance tax planning, also known as estate planning, is the proactive and prudent process of arranging one’s financial affairs to minimise the inheritance tax liability upon death. It involves careful consideration of tax laws and regulations, as well as the use of various legal mechanisms such as trusts and wills, to ensure that a significant portion of one’s estate is preserved for heirs and beneficiaries, rather than being absorbed by tax obligations.

Naomi Wilkes

Naomi Wilkes

Partner | Private Wealth

01590 633217

Why choose us?

Our inheritance tax planning solicitors in Lymington are an idea choice for anyone in this region who wants to prepare for the financial future of their loved ones. By selecting our Lymington-based team, you’re enlisting professionals who understand the unique financial challenges and opportunities of the area. We offer bespoke solutions that safeguard your assets from excessive taxation while preserving your wealth for future generations. With a deep connection to the local community, our solicitors are dedicated to ensuring your inheritance tax planning aligns with your individual goals.

Our team at Moore Barlow holds prestigious accreditations and memberships relevant to inheritance tax planning, such as accreditation from STEP (The Society of Trust and Estate Practitioners) and Solicitors for the Elderly (SFE), demonstrating our high standards of technical expertise, ongoing training and commitment to best practice. Our dedicated specialists are recognised for their proactive approach and the provision of practical, personalised advice tailored to your individual objectives. With our extensive experience and local insight, we provide clarity and reassurance, guiding you smoothly through every stage of inheritance tax planning.

How we can help

Our inheritance tax planning solicitors in Lymington offer dedicated support that reflects the unique character and financial challenges of every individual. We can assist you in creating tax-efficient strategies to protect your assets from excessive taxation and ensure a seamless transfer of wealth to your beneficiaries. With our deep connection to the local community, we are well-placed to help you achieve your inheritance tax planning goals.

Our inheritance tax planning services encompass a wide variety of tailored legal solutions designed to protect your wealth effectively. These services include advice on lifetime gifting strategies, assistance with setting up family investment companies, planning involving business property relief and agricultural property relief, guidance on charitable giving to optimise tax efficiency, as well as detailed advice on domicile status and its impact on your taxation obligations. Our specialists focus on clarity while ensuring that all available allowances and reliefs are thoroughly harnessed to benefit your family’s long-term financial security.

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Discover how our expert private wealth lawyers can help you.

Who we help

We assist a wide range of clients, including those who have called Lymington home for generations and newcomers to the area. Our solicitors are dedicated to crafting bespoke solutions that safeguard your assets from excessive taxation and ensure a seamless transfer of wealth to your beneficiaries. With a deep connection to the local community, we are well-placed to help you achieve your inheritance tax planning goals.

We provide specialist inheritance tax planning advice to a diverse range of private individuals, family offices, entrepreneurs, landowners, agricultural businesses, and trustees of various trusts. Our clients include individuals with considerable personal wealth, owners and directors of family-run businesses, members of the agricultural community seeking succession planning, and executors or trustees overseeing complex estates. Whatever your professional background or personal circumstances, we design tailored inheritance tax planning strategies aligned specifically to your objectives, complexities and family priorities.

Contact us

Secure your family’s financial future with our specialised inheritance tax planning services. Contact us today to schedule a consultation at our Lymington office.

We have offices in LondonRichmondSouthamptonGuildfordLymington and Woking and offer specialist private wealth legal services to clients nationwide. Contact Moore Barlow to find out how we can help you and your family.

We are here to help

Discover how our expert private wealth lawyers can help you.

Contact our private wealth team

FAQs: Inheritance Tax Planning

At what point should inheritance tax planning begin?

Inheritance tax planning ideally starts as early as possible, enabling you to take full advantage of all available allowances, exemptions and reliefs. Effective planning can significantly reduce future inheritance tax liability.

Currently, each individual has a nil-rate band of £325,000, which means any estate value below this threshold typically escapes inheritance tax. Additionally, a residence nil-rate band may be available if your family home is passed on to direct descendants.

Yes, certain exemptions help reduce inheritance tax liability, including transfers made between spouses or civil partners, annual exemptions, exemptions for gifts to registered charities and political parties, and small gift allowances.

Business Property Relief (BPR) is a tax relief scheme that can significantly reduce or eliminate inheritance tax on certain qualifying business assets. Qualifying assets typically include shares in private trading companies and certain qualifying business interests.

Yes, donating at least 10% of your net estate to charity can lower the inheritance tax rate applied to the rest of your estate from 40% to 36%, providing significant tax savings and benefitting worthy causes.

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