Estate Planning

Plan for change

Estate planning is broader than writing a will. It can include understanding what you own, how assets are held, who may need support and which documents should be reviewed after life changes.

A starting checklist

• List major assets, debts and important documents.
• Review beneficiary choices and who will administer your estate.
• Consider changes in family relationships, property and business interests.
• Keep a record of significant gifts and seek advice before making tax decisions.

Gifts and tax

Inheritance tax treatment depends on the gift, its timing and the person's circumstances. Avoid relying on a simple rule of thumb. The GOV.UK gifts guide explains current principles and exemptions.