How can we help?

How can we help?

Contemplating your future mortality is difficult. However, estate planning and succession planning are essential processes for anyone who wishes to put a plan in place for their business and personal wealth. We can assist with estate planning and succession planning requirements for personal and family assets, business interests, and philanthropic and social investment.

Succession planning

Succession planning typically involves the identification of new leaders who will take over the running of a business or organisation when the present leader is no longer able to, but it is also a crucial process which can help decide how wealth will move forward in the future.

When thinking about estate planning, one typically thinks of the drafting of a Will to determine how a person’s estate will be disposed of upon their death. However, effective estate planning can also help to maximise the value of an estate by ensuring that assets and wealth are held in the most tax efficient ways in the here and now.

And, of course, any estate or succession planning strategy should consider the position of loss of mental capacity (when a person can no longer make decisions for themselves).

Inheritance Tax planning

Creating valid Wills, Trusts, and Lasting Powers of Attorney (LPA) are key in estate planning and succession planning. These legal documents and vehicles, when carefully considered and drawn up by experienced succession planning solicitors, can serve to 

• reduce uncertainty relating to estate administration and probate.
• reduce the likelihood of contentious probate claims. 
• preserve assets and wealth as efficiently as possible.

The Wellers team of expert solicitors for Wills, Trusts and LPAs can assist you in drawing up all the documents you will need to ensure your family is protected and that your wealth is transferred as you wish on your death. We can also help you with other aspects of wealth management in your lifetime and assist you with the complex task of Inheritance Tax planning because this could save your beneficiaries significant sums when they inherit.