Property planning is one of the most important aspects of your overall estate planning strategy. If you don’t prepare for what is going to happen to your real estate, which is the land you own, plus anything attached to that land, including houses and other buildings, fences, trees, gardens and any other physical assets, you could inadvertently be making things very difficult for your heirs.
Taking care of your property planning now not only avoids the possibility of considerable frustration for your surviving family, but can also save them a considerable amount of money, making their lives much easier in both the short and the long term.
Inheritance Tax: With Miller Reeves’ help and guidance, it is possible to use the law to your advantage, reducing inheritance tax considerably or in some cases, even eliminating it entirely. Our team of financial and legal experts can introduce you to various strategies that, incorporated into your overall estate planning package, will make life so much easier for your loved ones.
Property Tax: If you have invested in property or if you own more than one property, you could find that changes in the law regarding mortgage interest relief lead to you paying a great deal more in tax. With our expertise, Miller Reeves can help you structure your portfolio in such a way as to maximise your tax efficiency.