IHT, Trusts, And Wills

Planning is a crucial aspect when it comes to success, especially when making arrangements for the future of your estate if you were to fall ill or pass away. This forethought will enable you to explore all tax opportunities available, therefore maximising the amount that will be passed on to your beneficiaries.

It is important that your estate planning strategy can be reviewed and modified to suit the different stages of your life. We can review your estate planning to suit your needs, for example: marriage or Civil Partnership; buying a house; birth of children and grandchildren; retirement or death of a family member.

Lancasters Team can provide estate planning service that includes:

Assistance with drawing up and reviewing your will
Making full use of exemptions and lower tax rates on lifetime transfers
Optimising lifetime transfers between spouses
Transferring agricultural or business property
Transferring assets into trust
Advising on adequate life assurance to cover potential inheritance tax liabilities

Budget March 2024

1 month ago

In past years, the annual Budget was shrouded in secrecy. No one was supposed to know what was in the Red Box that the Chancellor held up outside 11 Downing Street on his way to Parliament. There was an element of suspense. Now it seems that most of the proposals were predicted in the morning papers – the television pundits were reduced to speculating whether Jeremy Hunt would produce ‘a rabbit from his hat’, but it turned out that the hat only contained what was expected.

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Autumn Statement November 2023

5 months ago

In the weeks leading up to the Autumn Statement, the press was full of speculation about tax cuts. This was a surprise, just over a year after the tax cuts announced by Kwasi Kwarteng were judged imprudent by the international markets, contributing to a fall in the value of sterling and increases in interest rates. Nevertheless, it seemed that a side effect of inflation was that higher incomes and prices had fed through into higher tax receipts; the Chancellor had more in his coffers – more ‘fiscal headroom’ – than had been predicted in the Spring, and commentators were suggesting what he might do with it.

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Lancaster Haskins

Lancaster Haskins

Lancaster Haskins