Inheritance Planning
It’s never too early to plan for a potential Inheritance Tax charge; we can help you plan for gifting to your family.
Do you have an IHT problem?
Inheritance Tax (IHT) is charged on the value of your estate above the current allowance when you pass away. Many people assume it only affects the very wealthy, but with rising house prices and investments, more and more families are being caught by it. If you own property, savings, or other valuable assets, your estate could face a tax bill of 40% on everything above the threshold. We help you work out whether you’re likely to have an IHT issue and, if so, how large it could be. Understanding the size of the problem is the first step towards protecting your wealth for your family.
What are your options?
Use Allowances
Make the most of your tax-free allowances, such as the nil-rate band and residence allowance. These can significantly reduce the value of your estate subject to tax.
Give Gifts
Set up Trusts
Life Assurance
Your Estate Plan
Inheritance planning isn’t just about tax – it’s about making sure your estate is passed on in the way you want. A clear estate plan sets out who receives what, when, and how, while also considering any tax implications. This might involve writing or updating your will, arranging trusts, or balancing gifts during your lifetime with protection for your own future needs. We’ll work with you to create a personalised plan that reflects your wishes and provides peace of mind. With everything clearly set out, you’ll know your loved ones are looked after and your legacy is preserved.