UK ESTATE PLANNING
Secure Your Future
At Horizon Associates, we understand that estate planning isn’t just about assets—it’s about protecting your loved ones, securing your legacy, and ensuring your wishes are carried out with clarity and confidence. Planning ahead means avoiding unnecessary tax burdens, making sure your family is provided for, and ensuring that your estate is handled the way you want it to be.
Navigating the complexities of UK estate law can feel overwhelming, but you don’t have to do it alone. Our team of experts is here to guide you every step of the way, ensuring your plans reflect the latest legal changes and provide peace of mind for you and your family.
Take a moment to consider these important questions—because the best time to plan for the future is today.
Key Questions
1. How will your estate be taxed upon your death?
Are you aware that estates valued above £325,000 are subject to a 40% Inheritance Tax (IHT) on the excess amount?
2. Have you taken advantage of available IHT reliefs and exemptions?
Have you explored reliefs such as Business Relief or Agricultural Relief, which can significantly reduce IHT on qualifying assets?
3. Have you updated your estate plan to reflect recent legislative changes?
Are you aware of the upcoming inclusion of pensions within IHT from April 2027? This could have a significant impact on how your retirement savings are passed on.
4. Have you considered life assurance policies to cover potential IHT liabilities?
Would a whole-of-life assurance policy set up in trust help cover IHT payments and ensure your beneficiaries receive their full intended inheritance?
5. How might changes to domicile rules affect your estate?
From April 2025, long-term UK residents will be subject to IHT on their worldwide assets—does your estate plan account for this shift from the previous domicile-based system?
6. Have you planned for potential care costs in later life?
Have you considered how long-term healthcare costs could impact your estate and the inheritance you leave behind?
7. Are your digital assets accounted for in your estate plan?
Have you included provisions for digital assets like online accounts, cryptocurrencies, and digital media in your estate planning documents?
8. Have you communicated your estate plans to your family?
Have you discussed your wishes and the details of your estate plan with your loved ones to prevent potential disputes and ensure clarity?
Start Planning with Horizon Associates Today
Thinking through these questions is the first step toward securing your financial future. At Horizon Associates, we help you turn these thoughts into action with clear, practical estate planning solutions. Whether you need a will, trust, power of attorney, or inheritance tax planning advice, we’re here to help you make informed decisions that protect your future and your family. 🤿 GO DEEPER ↘️
Get in touch today . ▶️✒️ Reach Out Now ✅