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PRIVATE CLIENT
The role of the private client department may cover a wide range of tax and legal issues, and when appropriate it is able to draw upon the expertise of other departments within the firm. A major aspect of the department’s work involves safeguarding the wealth or assets of private clients, and ensuring that those assets are passed on in accordance with the client’s wishes.
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WILLS, PROBATE & TAX:
Making a will is an opportunity to ensure that your affairs are arranged in the most tax-efficient way. Rising house prices have ensured that many individuals of otherwise relatively modest means now find their estates subject to inheritance tax – currently imposed at a rate of 40 per cent on anything above the basic threshold. It is sometimes possible to take simple steps to avoid unnecessary exposure to inheritance tax.
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