Inheritance tax changes: what they mean for your pension
Many clients have inquired about the recent Budget announcements and how the changes to pensions will impact inheritance tax (IHT).
We help landowners and farming families manage estates, plan succession, and secure their business with wills and power of attorney.
A review of your farm’s activities by our experienced legal team will look for opportunities to take advantage of valuable tax reliefs, advising on any restructuring that may be necessary and working in tandem with your own professional advisers.
As a full-service legal firm, we can call upon colleagues from our expert property and commercial teams to create a partnership structure to be used as a strategy for succession planning, securing your farm business as a viable asset for future generations.
We also help you with specialist wills and trust advice including the creation and ongoing administration of discretionary trusts, designed to transfer business assets and family wealth as part of a long-term succession strategy. Our experts also provide advice on capital gains tax with the aim of significantly reducing inheritance tax premiums.
Tees Law has phenomenal resources within their pool of experts. The knowledge and professionalism is second to none and communication between departments can be relied on where necessary.
Our solicitors for wills, probate and estate planning for farmers can help with a range of issues including:
Tees is a top-tier Legal 500 firm and our teams are experienced in all aspects of law, so you can be assured of a comprehensive and joined-up service. As well as legal expertise for rural businesses, we have specialists in employment law, property, litigation and finance.
We also have in-house independent financial advisers who work closely with our lawyers to deliver all the advice you need for your business.
Our independent financial advisers are regulated and authorised by the Financial Conduct Authority, which means we are accountable for all the advice that we give.
Our specialist probate and estate administration team understands the complexities of agricultural assets, land, and business interests. Contact us today to ensure your family’s legacy is managed with care and expertise.
We have offices across Cambridgeshire, Essex and Hertfordshire, but we can help you wherever you are in England and Wales.
Many clients have inquired about the recent Budget announcements and how the changes to pensions will impact inheritance tax (IHT).
When you build up a money purchase pension, you’re not just planning for your own retirement, you’re also creating a
The Terminally Ill Adults (End of Life) Bill (“the Bill”) is a proposed piece of legislation currently making its way
Have you thought about what would happen to your assets if you died without a Will? It’s a difficult topic
Protect your family farm – contact our estate administration team.
