Estate and Tax Planning
Estate and tax planning is not always at the forefront of people’s minds. However, it is extremely important to think about your long-term financial affairs and seek a solicitor’s advice so that your assets are protected, and your loved ones are provided for.
About Service
Our expert solicitors can advise you on the best way to structure your assets to lower the amount of tax to be paid from your estate on death.
The word ‘Estate’ is a term used to describe everything that you were entitled to at the time of your death, such as land, property, bank accounts, and personal effects.
Whether or not a Grant of Probate or Letters of Administration are needed will be dependant on the value of your Estate and type of assets within you Estate.
How We Can Help
Many of our clients also run businesses and we can discuss the various tax exemptions and reductions available.
Every estate will be different, and our experienced solicitors advise clients on the best approach to take to meet their needs and ultimately give them peace of mind that their financial affairs are in order.
Estate and tax planning is vital to protect your capital and your loved ones. Our Estate and tax planning solicitors will help you plan your assets so you can make sure your family is financially secure in the future.
How we can help
At P.A. Duffy & Co Solicitors Belfast our legal team is dedicated to providing a five-star legal service to you, our experts can tailor our service to meet each individual family's needs. Our main goal is to satisfy you, our client by assuring you that you and your loved ones will have financial support after your retirement.
The intricacies and skill involved are not to be underestimated and specialist legal and accounting advice should be sought.
FAQs
FAQs
Items considered as ‘assets’ in your Estate would be:
- Your home and the contents inside
- Your vehicle(s)
- Personal possessions such as jewellery and clothes
- Foreign property (holiday homes abroad)
- Investments, shares, interest in trusts
- Anything you gave away in the seven years before your death including any gifts
Our Private Client Solicitors
P.A. Duffy & Co
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Confidential legal advice from experienced solicitors across Ireland.
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