Estate Planning - WSP Solicitors

Estate planning

You’ve worked hard all your life. Now it’s our turn to work hard on your behalf, to protect the wealth you’ve accumulated and lifestyle you’ve created for you and your family so that you can pass it on to the people you’d like it to go to.

Everything you treasure. We can help you keep it in safe hands

Our aim is to build long-term relationships with our clients to help them manage, grow and pass on their wealth to the next generation. In a world where laws and taxes are constantly changing, we will provide clear, practical and straightforward advice. You can be confident that our team can assist you in all areas of planning for the future, including tax mitigation, Lasting Powers of Attorney and protecting assets later in life from the cost of care.

 

We have the legal experience and expertise to manage large estates and solve complex legal problems, ensuring your loved ones keep hold of the things you value most. By taking the time to listen and learn about your finances in depth, we’ll provide clear, tailored advice and services that are unique to your specific needs and priorities.

 

Expert tax and financial planning advice – made simple

We work closely with tax advisors to seek the most tax-efficient outcome for your particular circumstances, including the most tax-efficient ways of disposing of or retaining your property or assets in the UK and abroad. We’re also skilled in analysing your circumstances and providing uncomplicated solutions that can minimise the potential impact of inheritance tax, capital gains tax and income tax, wherever possible.

 

Visit our glossary section where we simplify the legal jargon involved in Estate planning.

We can help with...

Planning what happens to your estate when you die

Planning to reduce the impact Inheritance Tax has on those you leave behind

Tax mitigation, including capital gains, income and inheritance tax planning

The use of family trusts to protect wealth

The full use of exemptions and tax reliefs

Co-ordinating Wills with the restructuring of family businesses to ensure smooth transition of business assets

Structuring the ownership of land and business assets for tax efficiency and asset preservation

Meet the WSP team

Meet the team

Kirstie Carr Wills Trusts Probate Associate Solicitor Dursley

Kirstie Carr

Associate Solicitor

Dursley Office

Carole Haestier Wills, Trusts and Probate Solicitor Stroud

Carole Haestier

Solicitor (on maternity leave)

Stroud Office

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Simon Hollis

Locum Solicitor

Stroud Office

Niamh McAlonan, Wills, Trusts and Probate Director at WSP Solicitors Stroud

Niamh McAlonan

Director | Co-Head of Wills, Trusts & Probate

Stroud Office

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Kelly McCarthy

Locum Solicitor

Stroud Office

Matthew Penley Wills Trusts Probate Solicitor in Dursley

Matthew Penley

Solicitor

Dursley Office

Robert Selwood Wills Trusts and Probate Solicitor Stroud

Robert Selwood

Solicitor

Stroud Office

Rebecca Tribble Wills Trusts Probate WSP Solicitors

Rebecca Tribble

Solicitor

Stroud Office

Ashley Wallace-Cook, Wills, Trusts and Probate Director at WSP Solicitors Gloucester

Ashley Wallace-Cook

Director | Co-Head of Wills, Trusts & Probate

Gloucester Office

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Making Estate planning less complicated

Can you help me with the jargon I may come across?

Beneficiary: Someone who will benefit from your will or trust.

Estate: Everything you own.

Guardians: Responsible for looking after children (under 18) following the death of both parents.

Grant of Probate: A court certificate authorising the person(s) named on it to deal with a deceased’s estate with full authority.

Inheritance Tax: The government’s charge on all your assets at your death.

Lasting Power of Attorney (LPA): A document authorising an individual(s) chosen by you to make decisions on your behalf in connection with your property, financial affairs, health and welfare when you are no longer able to make those decisions for yourself.

Nil Rate Band: The value of your estate assessed to inheritance tax at the rate of 0% (i.e. tax free), currently £325,000, with the balance being charged at 40%.

Trust: A binding obligation on the trustee.

Trust Administration: The day to day running of your trust, including the management of trust assets, filing tax returns and preparing trust accounts.

Trust Fund: The total of all the assets subject to the trust.

Trustee: Responsible for looking after trust funds for your chosen beneficiary or beneficiaries.