Estate planning meetingSo, what is legal and what is not when it comes to estate planning?

For a long time, there was a clear distinction between tax avoidance and tax evasion. Tax avoidance, being legal and tax evasion, being illegal. Since the banking crash in 2008, the Inland Revenue has taken strong measures to discourage what it regards as aggressive tax avoidance and the dividing line between what is and what is not acceptable has become unclear. A prudent approach now might be-

  • Tax evasion is criminal
  • Tax avoidance is immoral
  • Tax planning is sensible.

PFS logoLet’s look at Tax planning

Tax planning involves the use of legitimate means to minimise the amount of tax to which you are subject. In the context of estate planning, this means the tax payable on death, notably inheritance tax often referred to as IHT. So, the objective of the estate planner is usually to maximise the value which can be passed to the beneficiaries of the client’s estate.

Estate Planning

Caroline Anstee, Managing Director of  Anstee & Co said-

“The question of estate planning often arises when Wills are being arranged or trusts established. This is when we would work closely with a solicitor. However, many of the arrangements which are available to minimise tax, involve investment or insurance products. This will be the preserve of independent financial planners. It is therefore important that solicitors and independent financial planners should work closely together to ensure the optimum outcomes.”

How Anstee & Co can help you with Estate Planning

We are a firm of Independent Financial Advisers (IFA’s). This means that the advice we offer is unbiased.

There are many factors to consider with estate planning and the process may seem complex and time-consuming. Also, our expert independent advisers will support you at every step and do most of the work for you.  Simply contact us and we can guide you from start to finish.

The initial meeting is at our cost, so why not contact us today. A meeting can be arranged at your home or at one of our offices located at-Estate planning call back

  • Kettering, Northamptonshire
  • Stamford, Lincolnshire
  • Market Harborough, Leicestershire
  • London, Greater London

Additionally, our financial planners live and make use of rooms in-

  • Bedford, Bedfordshire
  • Towcester, Northampton, Wellingborough and Thrapston in Northamptonshire.

Also, we make full use of video conferencing facilities such as-

  • Zoom
  • Microsoft Teams
  • Skype
  • Facetime

We can also arrange a conference telephone call. So, there is no need to visit an office as all work can be handled remotely. The choice is yours. Our expertise covers all aspects of financial planning including pensions, investments and mortgages.

If you have any thoughts on this article, “Estate planning. What is legal and what is not.”, then we would love to hear from you.

Financial Conduct AuthorityFinally, the information contained in this article is for information purposes only and does not constitute financial advice. Anstee & Co. is authorised and regulated by the Financial Conduct Authority (FCA).