As the value of private homes rise in the Scotland, many more clients are now becoming concerned about potential exposure to inheritance tax. Care home costs and succession planning are also concerns that should be planned for to give you peace of mind for the future. If you feel these issues affect you, speak to one of our team to see how we can help you.
Life is unpredictable and putting aside time to attend to these matters will not only set your mind at ease, but it will ensure you have solid plans, whatever life throws at you.
Inheritance Tax is the tax paid by the estate of someone who has died, generally if their estate is worth more than £325,000, although there are some exceptions to this depending on the circumstances.
When you write a Will, there are a number of considerations you may have in planning for the future of your family and loved ones, such as the future ownership of any assets such as property or a family business. This is known as succession planning.
You may also be concerned about your care and wellbeing if you are unable to live independently in your own home and may require you to become resident in a care home. Clients also understandably worry if their spouse or partner will be secure if they require to enter a care home or if their partner or children’s inheritance of the family home will be affected.
Care Home costs can be considerable and if you require to enter a home, you will be assessed to ascertain whether you are able to cover the cost of your care. The value of your home will be taken into account in this instance. Our experienced team will advise you on all of the options available to you to protect your home should you find yourself in this position.
Our holistic approach means that we can address all aspects of estate planning, providing you with relevant and appropriate advice in a clear and uncomplicated manner, ensuring you are fully equipped with sound legal advice from a trusted advisor. Our external network of trusted Financial Advisers allows us to ensure advice is not restricted solely to legal solutions.
Our expert team of Inheritance Tax, Succession and Care Home Planning Solicitors are regulated by The Law Society of Scotland so you can be sure you are in the safe hands of a trusted professional at all times.
We are also fully aware that legal fees can often be a concern for our clients and our success and growth has been built on making sure our fees are fair, reasonable and transparent with no fees being charged without express prior approval. This ensures you can be confident in the service you receive and can focus on what matters to you and your family.
Our expert team of Inheritance Tax, Succession and Care Home Planning Solicitors will work with you to protect your assets for you and your family during your lifetime and your assets and property for your family and loved ones in the event of your death, ensuring your Inheritance tax is minimised where applicable and the relevant plans are in place.
If you are thinking about your future and the future of your assets in the event of your death, don’t delay in calling our expert Inheritance Tax, Succession and Care Home Planning Lawyers today. We are always on hand to guide and advise you, whatever your legal issue. Our fresh approach to legal services, our open and friendly service, and proven track record over forty years has helped us to earn our excellent reputation in the Glasgow and Hamilton area. We regularly serve clients in Glasgow, Hamilton, Bearsden, Bishopbriggs Milngavie, Bothwell, Strathaven, Thorntonhall and across the West of Scotland. Call us at our offices in Glasgow and Hamilton on 0141 374 2121
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0141 374 2121
105 Cadzow St
01698 283 265
730 Dumbarton Road
0141 374 2121