Estate Planning

Estate planning involves developing a comprehensive strategy to safeguard and distribute your assets during your lifetime and after you pass away. It encompasses considerations such as tax optimization and asset protection to ensure your financial well-being and the smooth transfer of wealth to your beneficiaries.  

By engaging in estate planning, you can ensure that your wishes are followed, your loved ones are provided for, and your assets are protected. This crucial legal document will form a vital framework that guarantees your desires are honoured, your family is taken care of, and your assets are safeguarded. 

Lanop understands that everyone’s circumstances are unique, and our qualified advisors take the time to understand your specific situation. Through this understanding, we provide personalized recommendations tailored to your needs, empowering you to make well-informed decisions based on your unique situation. 

With our expert assistance, you can alleviate your concerns and entrust us with all the technical details and requirements involved in estate planning. Our support ensures that your estate planning needs are handled efficiently and effectively, granting you peace of mind. 

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Estate planning is the process of arranging and managing an individual’s assets, properties, and financial affairs to ensure that they are distributed according to their wishes after their death. It involves creating legal documents such as wills, trusts, and powers of attorney to specify how one’s assets should be distributed and managed. Estate planning also aims to minimize taxes, avoid probate, and protect assets for beneficiaries. It allows individuals to have control over their legacy and ensures that their loved ones are taken care of after they are gone. 

Estate planning is a comprehensive strategy to manage your assets during and after your life, including minimizing taxes and protecting assets. A will is a specific legal document within estate planning that outlines who will receive your property after you pass away. Estate planning is broader and covers more aspects than just a will. 

Estate planning fees are not tax-deductible for individuals. They are considered personal expenses and cannot be deducted from income tax. However, if estate planning is related to business assets, business owners may be eligible for tax deductions. Consult a tax advisor for personalized advice. 

A will and estate planning checklist includes essential steps to ensure your estate plan is comprehensive and effective: 

  • Gather personal information 
  • List assets and liabilities 
  • Identify beneficiaries 
  • Appoint an executor 
  • Name guardians for dependents 
  • Create a will 
  • Consider a trust 
  • Review beneficiary designations 
  • Plan for incapacity 
  • Regularly review and update your plan 

Lanop offers expert assistance in estate planning and wills, providing personalized advice and guidance tailored to your specific goals. We can help you with will preparation, trust formation, tax optimization, estate administration, and ongoing plan reviews, ensuring your assets are protected and your wishes are properly executed. 

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Sole traders are individuals who own and operate their businesses. Managing finances and paying taxes are among their responsibilities, as well as finding customers and offering products and services. Keeping track of one’s finances can be difficult for sole traders due to the day-to-day responsibilities of their businesses.

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Our team consists of skilled and experienced accountants and financial advisors. These professionals are able to assist individuals, entrepreneurs, business partners, and larger ventures with their financial and accountancy acumen. 

Lanop’s wide knowledge of industry-specific tax reliefs and in-depth counselling on tax saving and investment planning for individuals and corporations make us your true friend when planning for taxes. Give us a call. We will make your life easier. 

All types of tax investigations are handled at Lanop. Our expert chartered accountants offer competent advice on subjects such as COP 8 (Tax Avoidance), COP 9 (Suspected Serious Fraud), HMRC Nudge Letter, Disclosure Facilities, fraud, VAT and PAYE investigations. 

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CEO of Lanop

Aurangzaib Chawla

At Lanop, I am providing my services as the Managing Partner and Tax Specialist. My expertise includes helping medium and small-scale businesses in their accountancy and legal requirements, business start-up support, strategic review, payroll system review and implementation, VAT and tax compliance to cloud accounting. I am also an expert in financial reporting, identifying and monitoring risks, strategic business development, client retention, market acquisition and deals closure by carefully planning my sales cycle. 

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Jonathan Amponsah

Wills & Probates Specialist

DR. ZUBAIR ABBASI

Dr. Zubair Abbasi

Islamic Law & Shariah Specialist

Dr Abbasi completed DPhil at Oxford University and LL.M (Corporate Governance) at Manchester University. He is the Associate Editor of the Yearbook of Islamic and Middle Eastern Law and the South Asia Editor for the Harvard Law School project SHARIAsource

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