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Think you're too young to plan your finances? Think again! All too often setting up trusts, making a will and retirement planning is overlooked because it just seems irrelevant or too far off to worry about right now. But planning your finances when you are young will help you maintain your standard of living in later years and can often reduce your future tax liability.
Setting up trusts will ensure that your beneficiaries avoid unnecessary inheritance tax and will receive your assets or funds in full. But setting up trusts is a complex process and with many different trusts available, specialist advice is recommended. Ormerods Solicitors have a specialist team for setting up trusts, on hand to help you find the most appropriate trusts for your circumstances.
Making a will is vital if you want to ensure that, upon your death, your assets are distributed according to your wishes. Ormerods Solicitors have a specialist team to help you make a will, which is properly drafted and legal, to give you peace of mind that your wishes will be honoured and your assets will be distributed exactly as you have requested.
Seeking advice from specialists is essential if you want to limit your inheritance tax liability for your dependents and the beneficiaries of your will.
We are specialists in financial planning and, in particular, inheritance tax planning. Our advice can be invaluable, for instance where perhaps you need specialist care, we can find the most effective means of finance, minimising the cost to you and your estate. Our service also extends to managing investments, bank and building society accounts and attending to household bills. Ormerods Solicitors' specialist services include:
Peter Woods
Tel: 0208 774 9508 email: peter.woods@ormerods.co.uk
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