Death | MJH Accountants Preston
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Advice For You & Your Family

Death

It is important to confront the subject of death to ensure that those you leave behind have adequate ongoing provision without having to go through legal turmoil or pay unnecessary tax.

Maximise the value of what you leave behind.

Inheritance tax

Inheritance tax, which is due on assets you leave behind when you die, could cost your family and loved ones a considerable amount of money if you don’t adequately plan for it.

Your assets include:

  • Cash in the bank
  • Investments
  • Your property
  • Your business
  • Vehicles
  • Life insurance policy pay-outs

The guidelines for Inheritance Tax have gone through several changes over recent years, so keeping up with legislation can be tricky. As such, it is more important than ever to seek advice early to protect your wealth.

Wills

Discussing and planning for your death is not the most enjoyable thing you will ever do, but to protect the people you leave behind, it’s essential that you write a Will and make financial provision where appropriate.

Your Will determines how your estate is distributed after your death which will include your money, property, private possessions, shares and investments. It is a common misconception without a will everything passes to your spouse. However, this is not necessarily the case. Therefore it is important that you have a written and up to date will.

Book a No-obligation Call or Meeting

Book a call or meeting discuss your needs, we’ll discuss your business in detail and how we plan to make you more successful as well as provide a detailed proposal of our services. At MJH Accountants, we take the time to understand your goals and objectives and work with you to achieve these with our tailored approach.

Book a Call or Meeting

Call us on:

01772 721704