With offices across Lincolnshire and East Yorkshire, including Lincoln, Grimsby and Hull, our professional and caring solicitors can help.
Estate Planning Solicitors
Many people are concerned about how to organise their assets in a tax-efficient way before their death. It can be an extremely daunting process, especially when you are unsure of the best and most efficient methods of doing so. The specialist team of Estate Planning solicitors at Bridge McFarland LLP can support you by offering advice and guidance in relation to your estate.
What is Estate Planning?
Transferring your assets to your beneficiaries or next of kin is known as Estate Planning. This process allows you to pass more of your estate to your chosen beneficiaries when you die in a tax-efficient way.
When organising your estate, you should consider the following:
- Life insurance policies
- Any other assets
Solicitor for Estate Planning Lincolnshire
At Bridge McFarland LLP, our solicitors, based in Lincoln, Hull, Louth, Market Rasen and Grimsby, will assist you in organising your assets as part of your estate planning. The team have extensive experience in assisting with all aspects of estate planning. This might include:
- Transferring your wealth to family members/beneficiaries whilst you are alive using gifts or trusts to remain tax efficient.
- Plan to donate to charitable organisations to reduce the inheritance tax rate paid on the estate balance. If 10% or more of the balance is given to charity, the inheritance tax rate will decrease from 40% to 36%.
- Writing a Will to disclose the executor(s) and beneficiaries of the estate. Find out more about Bridge McFarland LLP Will’s writing services here.
Our Estate Planning services
Although sometimes time-consuming, estate planning can significantly benefit your loved ones, and we understand that they are of paramount priority when organising your assets. To speak to the experienced team at Bridge McFarland LLP today regarding your estate, please call 0800 987 8800.
Other Legal Services
Bridge McFarland LLP offers uncomplicated guidance and advice when you most need it. Whatever your legal matter, relating to your private wealth or otherwise, speak to our team of friendly solicitors.
Frequently Asked Questions about Estate Planning
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