The services provided by estate and life planning assist people and families in making future plans, protecting their assets, and ensuring that their final wishes are carried out. Will writing, trusts, inheritance tax planning, durable powers of attorney, and probate and estate administration are among the services offered.
HOW CAN WE HELP YOU?
To be able to effectively work with independent business owners and their families, Rizwa Accountants collaborate with partners who are experts in legal, estate, and life planning. Their estate planners will offer guidance on a variety of issues, from straightforward Wills to elaborate funeral arrangements and inheritance tax planning.
Will Writing:
Writing a will is the process of legally drafting a contract that specifies how a person’s property will be distributed after death.
Trusts:
A trust is a formal arrangement in which a trustee is given control of a person’s assets so that the beneficiaries may benefit. Trusts can be used for a number of things, including safeguarding assets from creditors, lowering inheritance tax obligations, and supporting weaker beneficiaries.
Inheritance Tax:
Inheritance tax is a tax on the value of an individual’s estate after they pass away. By creating trusts, gifting assets during one’s lifetime, and using tax-efficient investments, estate planning services can assist individuals and families in lowering their inheritance tax obligations.
Lasting Power of Attorney:
A person may designate someone to act on their behalf if they are unable to do so themselves through the use of a legal document known as a lasting power of attorney.
Probate and estate administration:
An individual’s estate must be distributed to their beneficiaries after death. In order to ensure that the deceased person’s wishes are correctly carried out, estate planning services can help with the probate and estate administration processes.
Overall, estate and life planning services in the UK are designed to help individuals and families plan for the future, protect their assets, and ensure that their loved ones are taken care of after they pass away, and Rizwa Accountants is there with you in order to assist you at every point. These services can provide peace of mind and financial security for people of all ages and backgrounds.
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