Winn Solicitors: Inheritance Tax Planning Solicitors

Did you know Winn Solicitors has extended its legal services offering is now an inheritance tax planning solicitors too?

With a fantastic, experienced team determined to provide tailored advice to your unique circumstances, we can help with inheritance tax queries and planning for the future.

As part of our Wills, Probate, and Trusts department, our team is ready to help.

Meet our team

The Wills, Probate, and Trusts team is headed by Rebecca Harbron Gray, a solicitor with a huge range of experience working in this sector of law, spanning over 15 years. With qualifications from Solicitors for the Elderly, STEP, and STEP Cross Border Estates, she is diligent, methodical, compassionate, and knowledgeable, and leads a team that works hard to support you through the process appropriate to your circumstances.

Can’t thank Rebecca [enough] for the quick and easy probate from start to finish. Extremely professional and so helpful and friendly. Nothing was a bother. Made a difficult time an easy transition. Highly recommend to anyone to use.

Nicola

How can Winns, as expert inheritance tax planning solicitors, help you?

Although we fully appreciate that everyone should pay their taxes to the correct amount, when discussing matters of inheritance, there are methods to limit the tax liabilities associated with your estate that may be worth considering in your circumstances.

With a 40% tax level on estates exceeding £325,000, you may opt to plan ahead to ensure the maximum goes to your beneficiaries:

• Make gifts to beneficiaries while alive – These are potentially exempt from tax as long as you live for seven years after giving them. If you were to pass away during that time span, it may fall under taxable conditions. Each tax year, you can give up to £3,000 in gifts as part of your annual exemption.
• Make smaller gifts - It is also legally permissible to make unlimited gifts of up to £250, as long as you haven’t used another type of allowance on the same person.
• Leave money to charity - You may choose to leave money to a charity, a political party, or local sports, all of which can be done free from inheritance tax. 

This is just a handful of the options you have at your disposal. It’s advised that you discuss your individual circumstances and options with inheritance tax planning solicitors like the team at Winns.

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Why should someone care about Wills?

Having a Will in place is an important part of any future planning. By providing that documented reassurance to beneficiaries, there can be little room for arguments, disagreements, and negative feelings among the group that may arise as part of a disputed estate. The focus can then, rightly, be on grieving the loss of the person and relying on loved ones for comfort and support during an understandably difficult time.

Winn Solicitors assisted me with the probate and subsequent closure of a relative’s estate and property sale. As executor, I chose to play an active part but was advised by them through the whole process, and they communicated with beneficiaries for me to ensure that this was done in a transparent and legally correct way. This was commenced during strict covid restrictions [which] caused much frustration but communication was prompt and timely.

Tony

When to use legal support for a Will?

There is the option to construct your own Will. Although that may be suitable for a straightforward estate, when it becomes more complex, with different sections to it that may make it more confusing, then the need for legal support becomes more apparent. It is important, from a legal perspective, to get the wording and content of a Will exact in order to avoid further complications and scope for disagreement down the line.

Rebecca from Wills and Probate was the ultimate professional: polite, considerate and efficient when dealing with sensitive family issues.

Josie

What is the process of making a Will with Winns?

The process of making a Will with Winns is straightforward, relying on the expertise of legal professionals to create a document that can be relied upon when the time comes. Once you have instructed us to act on this matter, our team will arrange a meeting – which can be done in-person, over the phone, via video call, or at your house if you remain concerned by Covid (using strict Covid guidelines for home visits) – and ask relevant questions to collate all the information required to ensure your Will caters for all aspects of your estate.

Once this step is complete, they will create the document for you to check and approve before you go through the necessary signature process.

Once completed, a copy of your Will is then sent to you with a copy safely stored by us, as per legal requirements.

FAQ

Can a solicitor advise on inheritance tax?

In short, yes. Inheritance tax planning solicitors are available to discuss your situation and help guide you as best they can. The team at Winns is available to take your call and provide relevant advice.

What does an estate planning solicitor do?

An estate planning solicitor can offer advice and guidance on a number of legal matters, including, but not exclusively, inheritance tax planning, Wills, Trusts, wealth management, and succession planning.

The team at Winns can help with the vast majority of matters on this subject but it is best to get in touch for a no obligation chat about your circumstances. From there, we can best guide you on your next steps. Please note that we do not offer independent financial advice and if any financial advice is needed you would need a separate Independent financial adviser for this.

Do I need a solicitor for inheritance?

It is possible for executors and administrators of estates to act without a solicitor’s input. However, if the estate is complex, with different elements to it, then it is best to rely on the skill and expertise of someone who specialises in these matters due to the complex legal language and processes involved. The team at Winns can offer this specialist advice and expertise and are available for a no-obligation chat.

Make that call today or request a callback on our website and receive the support and guidance of legal professionals.

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