Joseph Lawrence

In the past few years the value of property has clearly outstripped the Nil Rate Band (NRB) used for Inheritance Tax purposes.

Over the years it has become increasingly important for us all to consider how best to plan for our future, and also to reflect on how best to make effective provisions for our future generations, and loved ones, interests!

The value of property, together with any other assets owned by an individual, may therefore give rise to potential Inheritance Tax charges on death.

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Estate planning

Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.

The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government's coffers!

It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime.
We provide a discreet estate planning service that includes:

  • Help with drawing up and reviewing your will
  • Making full use of exemptions and lower tax rates on lifetime transfers
  • Optimising lifetime transfers between spouses
  • Transferring agricultural or business property
  • Transferring assets into trust
  • Arranging adequate life assurance to cover potential inheritance tax liabilities


We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.

Can we help reduce your tax burden?

There are a number of planning opportunities available to help reduce the potential tax burden.
We can guide you through the various steps needed to ensure the tax burden is kept to a minimum, namely:

  • Review of your current situation, together with future possible changes and objectives.
  • Calculation of potential tax liabilities based on your current situation.
  • Discuss possible planning scenarios for reducing the tax burden.
  • Assisting you with putting a final agreed plan into operation.

Please contact us if you would like an initial discussion. We would be pleased to help you understand your position and explain the complexities.

Copyright © 2009 Joseph Lawrence is a trading name of Joseph Lawrence & Co (Accountants) Limited
Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers
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