Clients who a year ago had significant assets as a result of the property boom and buoyant stock market now find themselves with less to pass down to the next generation. This has resulted in an increase of demand for lifetime tax planning and tax planning in wills to try to ensure hard earned savings and investments are inherited by family and not eaten up in Inheritance Tax or in care home fees .

Another issue is the need to protect assets from potential bankruptcy claims as this becomes a real threat to some people in these recessionary times. 

When looking at estate planning in general there are ways to structure your financial affairs to minimise not only tax but the risk of third party claims which could include bankruptcy and divorce proceedings and claims of future spouses taking precedence over the needs of the children.

Our team of tax and estate specialists can assist you in all of the above.  Their expertise in this field is recognised by their inclusion on the newly formed Tax Tribunal.

For further information about tax and estate planning please contact Neil Shaw on 01274 848800 or email nshaw@lcf.co.uk