Inheritance Tax Planning
Concerned about inheritance tax and what it might mean for your family? Learn how Inheritance Tax Planning can help you pass on more of your estate.
Here’s where Joslin Rhodes can help
Will Writing Services
Are you thinking about writing a Will or just curious about how they work in the UK?Find out what’s involved and how you can make sure your wishes are clear.
Will Reviews
Planning for the future means making sure your Will still reflects your wishes. Our Will Review Services can check everything’s up-to-date and your plans still work for you and your family.
Lasting Power of Attorney
Thinking about who would make decisions if you couldn’t? A Lasting Power of Attorney helps you stay in control — even if life takes an unexpected turn.
Care Fees Planning
Worried about how care costs might affect your savings or your family’s future? Our Care Fees Planning Services help you understand your options and protect what matters most.
Property Trusts
Not sure how Property Trusts work or whether one’s right for you? Let us explain your options and protect your home for the future.
Pension Trusts
Wondering how Pension Trusts work? We’ll show you how they can help you pass on your pension in a tax-efficient way and protect what you leave behind.
Savings Trusts
Looking for a way to protect and grow your savings while keeping control over how they’re passed on? Our Savings Trust Services can help you plan ahead.
21%
intend to gift money to family members to avoid Inheritance Tax
£15 billion
goes unclaimed in the UK due to a lack of estate planning
50%
of UK adults do not have a Will
Estate Planning Workshop
Not sure what would happen to your money, property, or care if something unexpected happened?
If you’ve ever wondered…
- Do I need a Will?
- What is a Power of Attorney?
- How can I reduce Inheritance Tax?
Then our free Estate Planning Workshop is the perfect place to start.
We’ll help you:
- Understand Wills, Trusts, and Power of Attorney
- Avoid common estate planning mistakes
- Protect your assets for future generations
- Plan ahead for peace of mind
This relaxed, informative session is led by our friendly local experts who’ll answer your questions and explain things clearly – no jargon.
Places are limited, so book your free spot today.
Don’t Just Take Our Word for It
Read what some of our clients have to say about us…
My experience with Joslin Rhodes has been excellent.
As someone who really didn’t understand pensions and was concerned for the future, I can say my experience with Joslin Rhodes has been excellent. Everyone I have met have been very professional but also friendly making you feel completely at ease. I cannot praise them highly enough for making this a pain free journey. A very big thank you.
Amanda Kelly
Their professionalism and knowledge certainly gives us confidence.
Friendly and welcoming staff, comfortable and relaxed atmosphere. It’s a very daunting and important decision when deciding on investments, particularly with pensions but their professionalism and knowledge certainly gives us confidence for a long and happy future.
Dave Redwick
Nothing is too much trouble.
We called into Joslin Rhodes after a recommendation from colleagues. We went through a number of sessions talking and reviewing our situation with the view for early retirement. We were fully supported and given reassuring advice in deciding to retire early and are now very happy in our retirement. We would not hesitate to recommend Joslin Rhodes.
Rita Johnson
Very professional warm and friendly team.
Joslin Rhodes have taken the strain off us having to worry about money now that we have retired. They keep us informed and advised at every stage. It’s a bit like having a friend who you can trust to look after your financial health while you are free to go about enjoying the rest of your life.
Karen Hammond
Every step has been explained very well.
Really pleased how my Pensions have been handled with Joslin Rhodes. Every step has been explained very well so we could understand the process. Looking forward to the next stage being completed, also the hospitality we have received at our meetings has been excellent.
Stephen Coates
We can get on and enjoy our retirement.
We were unsure how to manage both our savings and pensions. We went along to see the team at Joslin Rhodes and had several discussions about options open to us. We have now both investments and pensions being managed by Joslin Rhodes.
Connie Hall
Frequently Asked Questions about Estate Planning
What will happen if I don’t have a Will?
If you die without a Will (known as dying intestate), UK law will decide how your assets are distributed. This could mean that your estate may not go to the people or causes you care about most. Having a valid Will in place ensures that your assets are distributed according to your wishes, helping to avoid family disputes and reducing the complexity of the legal process.
How can I reduce Inheritance Tax?
Inheritance Tax (IHT) is currently charged at 40% on estates over £325,000 (or £500,000 if passing a home to direct descendants). However, there are several legal ways to reduce IHT, such as setting up Trusts, gifting assets, and making charitable donations. Our Estate Planning Services can help you explore these options, ensuring that as much of your estate as possible goes to your loved ones rather than to taxes.
What is a Trust and how does it work in Estate Planning?
A Trust is a legal arrangement where you (the “settlor”) transfer assets to Trustees, who manage them for the benefit of your chosen beneficiaries. Trusts can be an effective tool in Estate Planning to protect assets, reduce inheritance tax, and control how and when your beneficiaries receive their inheritance. There are also several different types of trusts, including Property Trusts, Pension Trusts, and Savings Trusts. We can help you set up a trust that aligns with your goals and ensures your assets are managed according to your wishes.
When should I start Estate Planning?
It’s never too early to start Estate Planning. Life is unpredictable, and having a plan in place gives you control over your assets, provides for your loved ones, and ensures your wishes are respected in the event of illness or death. Regularly reviewing and updating your Estate Plan, especially after major life events like marriage, having children, or acquiring significant assets, is equally important.
What can I expect from a ‘Protect’ meeting with Joslin Rhodes?
At your first meeting, held at our Planning Rooms location of Preston Farm, Stockton-on-Tees, you’ll meet a member of our Protect Team. They will listen to your concerns and chat about what estate plans you may already have in place, before talking through your options to plug any gaps. We’ll also look at things like what you want to happen to your estate when you’re gone and help solve any potential issues.