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Inheritance Tax Planning (IHT)

Will Services
Wills & Probate Accreditation

We would all want our wishes to be fulfilled after we go, and we would all wish for that eventuality to take place peacefully and completely. We can make sure this happens.

Why Choose Us for Wills

SJS Solicitors is an accredited member of the Law Society’s Wills and Inheritance Quality Scheme (WIQS). This indicates that the firm is recognised by the Law Society as having all the necessary expertise to deliver wills and inheritance advice, as well as to give you the confidence that we must, by both our commitment to our clients and the requirements of the accreditation, give you, our client all the information you need to understand the process, options, costs and timescales for your Will and Probate matter from the outset.

Our Will and Probate solicitors work diligently and are always aware of how important your decisions are in these type of matters, and will ensure to commit all the time and advice that our clients require for a perfect service.

Everyone should have a Will, for where there’s a will, there’s protection of your assets, and reassurance that the right family and friends will inherit your valuables when you are gone.

At SJS Solicitors, we know that managing your financial affairs and planning for the future can be a complex task. It's not just about drafting a Will, but also understanding and planning for Inheritance Tax. Our team, led by Principal Solicitor Mrs. Savita Sukul, is here to provide expert advice and guidance on Inheritance Tax Planning to ensure your peace of mind.

How Can SJS Solicitors Assist with Inheritance Tax Planning?

Our comprehensive inheritance tax planning services are tailored to your personal circumstances. We provide clear advice at the outset, including a full total fees and cost breakdown. These services include:

  • Advice on Inheritance Tax thresholds and rates: We guide you through the complexities of the current thresholds and rates, helping you understand the potential tax implications on your estate.
  • Gifting Strategies:We can advise on strategies such as making gifts during your lifetime to reduce your estate's value and consequently, the IHT liability.
  • Trust Planning: Trusts can be a tax-efficient way to pass on assets while retaining some control over them. We offer advice on the suitability of different types of trusts and can assist you in setting them up.
  • Estate Planning: We can help devise an overall estate plan that complements your Will, incorporates the use of trusts, and any gifting strategies you may wish to employ.
  • Advice on Business Property Relief and Agricultural Property Relief: If you own a business or agricultural property, we can provide guidance on potential reliefs from IHT.

Understanding Inheritance Tax

Inheritance Tax (IHT) is a tax on the estate (property, money, and possessions) of someone who has died. While dealing with such matters may seem overwhelming, with the right planning, it's possible to significantly reduce the amount of IHT payable on your estate. This ensures that your loved ones receive the maximum benefit from your hard-earned assets.

Why Choose SJS Solicitors for Your Inheritance Tax Planning?

With years of experience and hundreds of successfully drafted wills since 1999, none of which have been successfully challenged, Mrs. Savita Sukul leads our team with her expertise in the law of Wills and Probate. During your consultation meeting, you will have the opportunity to discuss your personal situation and wishes, and Mrs. Sukul will guide and advise you accordingly. We pride ourselves on our patient and meticulous approach. We never rush you through this process, allowing you to take the necessary time to make these incredibly important decisions. At SJS Solicitors, we strive to provide clear, practical advice so you can make informed decisions about your future. Planning for the future doesn't have to be stressful. To book a consultation meeting with us, please follow this link. For more information on our Will writing service, please click here.