Emma McCarthy, Partner

Draft your will and review it regularly.

Put a lasting power of attorney in place and also review this regularly.

Consider estate planning and talk to your family.

How can I avoid inheritance tax?
There are many general ways to mitigate inheritance tax, such as lifetime giving, but we can also provide bespoke advice on how to do so. The earlier you seek advice, the better.

Can I give my house to my children?
Generally, the advice is you can, but it is not always sensible to do so. If you do decide to do so, careful and considered estate planning is needed to provide you with adequate protection.

How much can I gift now?
You need to think about how much you need for yourself, and to consider the financial impact of unexpected circumstances, before making such a commitment. You don’t want to leave yourself short!