Estate Planning

Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.

The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate ending up in the Government’s coffers!

It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight – and a detailed knowledge of the tax regime.

We provide a discreet estate planning service that includes:

help with drawing up and reviewing your will
making full use of exemptions and lower tax rates on lifetime transfers
optimising lifetime transfers between spouses
transferring agricultural or business property
transferring assets into trust
arranging adequate life assurance to cover potential inheritance tax liabilities.

We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.

Protect your family and your legacy

Estate planning makes sure your wealth passes to the people you choose, in the way you intend, with as little tax as possible. SJPR Accountants works alongside legal partners to build a plan that reflects your family, your business and your wishes.

What estate planning covers

Calculating your potential Inheritance Tax liability
Making full use of the nil-rate band and residence nil-rate band
Lifetime gifting strategies and the seven-year rule
Setting up trusts to protect assets for children and grandchildren
Business and farm succession planning
Wills and lasting powers of attorney through trusted legal partners
Pension planning in light of the changes from April 2027

Why plan now

Inheritance Tax thresholds are frozen, property values have risen and reliefs for business, agricultural and pension assets are changing. Plans made even a few years ago may no longer achieve what you intended.

Cross-border families

If you have assets or family in Brazil, Portugal or elsewhere, your estate may be subject to more than one tax system. We help coordinate UK planning with advice in other jurisdictions.

Frequently asked questions

When should I start estate planning?

As early as possible. Lifetime gifts need seven years to become fully exempt, so early planning gives the most options.

Do I need a will if my estate is small?

Yes. Without a valid will, intestacy rules decide who inherits, which may not reflect your wishes.

Can trusts reduce Inheritance Tax?

Some trusts can remove assets from your estate over time, but they have their own tax rules and reporting duties. Professional advice is essential.

Can SJPR value my estate?

Yes. We prepare estate valuations and IHT calculations, and our free Estate Valuation tool gives a first estimate.

Speak to SJPR Accountants. Call 020 3371 0292 or contact our London team to book a consultation.