plan for the future
Inheritance tax planning
We can advise on the many strategies to preserve your accumulated wealth, so you can pass hard-won assets onto your children or other beneficiaries upon death.
PAss on your assets
The aim of inheritance tax planning is to pass on as much as possible of the proceeds of your estate to your chosen beneficiaries, rather than to HMRC.
You may be shocked to realise that, in the event of your death, a large proportion of your accumulated assets may have to be sold in order to meet your tax liability. These assets may include your home, investments, life insurance plans and even family heirlooms.
Minimise your tax bill
There are many legal strategies to pass on your wealth in a tax-efficient way. These may include a carefully drafted will, possible transfer of assets, and use of trusts. Any arrangements we suggest will be legal, flexible and realistic.
Whatever your aims - whether ensuring your inheritance tax bill is minimised or just making sure that your loved ones are looked after financially when you’re gone, we can provide practical advice and peace of mind.
Pass more on to your family
What is inheritance tax?
IHT is a tax which may be paid on your estate (which means money, possessions and property) when you die. This reduces how much will ultimately be passed on to your beneficiaries. Beneficiaries are the people you want to leave your money and assets to when you die.
Inheritance tax (IHT) is currently levied on estates worth more than £325,000 (but this threshold is likely to change in future). When the value of your estate is more than this amount, everything over the threshold is taxed at 40% (unless you are leaving it to your spouse).
There are lots of rules, exceptions and reliefs to consider, meaning inheritance tax planning can get quite complicated. Our friendly team will give you honest, practical advice on the implications for you and your family.
Get in touch
We can advise on strategies to preserve your wealth and ensure it's passed on as you intend.
Contact us to book your free consultation, either in person, over the phone, or by Zoom.
