Estate wills is a common enough phrase however most people use the phrase estate wills when referring to, making a will or estate planning.
Estate Wills – what are they?
Just like estate wills is a common misconnected phrase it is also a common misconception that estate, will and inheritance tax planning is only relevant to those who are, famous, wealthy or retired. In reality, almost everyone has an estate of some form. Some might feel that estate wills are only for people with substantial estates however no matter how substantial or modest an estate may be; proper planning can greatly reduce any complications, costs or ambiguities that arise in the event of someone’s death.
Other reasons estate planning is often put off is because people consider themselves too young, not suitably wealthy or not well enough informed or just too busy, but delaying these arrangements can be detrimental especially with regard to those family and friends who are left behind. Our Edinburgh team of Solicitors can provide expert advice on all related aspects, including: Estate Wills, writing and powers of attorney. We can also help in advising on estate planning which may also include the setting up of trusts. We will also help if you are worried about what Inheritance tax and capital gains tax may be liable. Estate planning or estate trusts are important to everyone especially those with large estates or complicated situations as it is important that their assets are distributed in order to protect their wealth for future generations, passing this wealth over is usually driven by tax planning considerations but inherited wealth brings its own risks and anxieties as well.
Estate Wills – get in touch
Our estate wills, estate planning and will writing services can help ease those anxieties you and your loved ones may be feeling and provide pragmatic solutions for any moderate or what are often complex situations providing both technical estate planning advice and a source of counsel making sure your plans are properly integrated as per your wishes. Get in touch today and arrange a consultation.