Succession and Estate Planning

Whether you are considering making a Will or thinking about gifting assets, effective tax and trust management is an essential way to protect your assets and control what happens to them during your lifetime and when you die.

Did you know...?

If your assets (your home, possessions and financial investments) exceed the inheritance tax free limit of £325,000, known as the nil-rate band, when you die anything over the limit will be taxed at the rate of 40%. Therefore, if your estate is valued at £500,000, inheritance tax to the sum of £70,000 would be payable to the Revenue (unless specific exemptions apply).

It is therefore essential that you consider the value of your estate and how much it could be worth in the future to avoid the next generation losing out on the assets which you have worked hard to acquire during your lifetime.


Bright Solicitors

Our specialist team can help minimise your inheritance tax liability and deal with issues regarding future care home costs.

We provide strategic estate planning to safeguard family and business assets, making sure that you make the most of valuable Inheritance Tax benefits such as Business Property Relief and Agricultural Property Relief.

We can also work closely with your accountant and financial advisor to ensure that we provide advice tailored to your individual situation.

Please contact Carly Jeffery on 01752 968442 or e-mail

Useful Information

In 2017, a main residence nil-rate band came into force and individuals who have an estate above the inheritance tax threshold (nil-rate band) of £325,000 and leave property to a direct descendant on death will benefit from an additional nil-rate band. The main residence nil-rate band thresholds are set out below:

1. £100,000 in 2017 to 2018

2. £125,000 in 2018 to 2019

3. £150,000 in 2019 to 2020

4. £175,000 in 2020 to 2021

If you would like further information or advice about Estate Planning, please contact Carly Jeffery on 01752 968442 or e-mail

We are highly experienced in Estate Planning and writing Wills. We are members of the Law Society and are regulated by the Solicitors Regulation Authority so you can be confident that you are getting the very best service. Within our team we have membership to The Society of Trust and Estate Practitioners (STEP) and are members of Certainty (National Will Bank).


The Private Client Team

Carly Jeffery
Abagail Witts
Connor Barclay
Fiona Chesworth