Inheritance Tax and Estate Planning
Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.
Passing on your estate to your chosen beneficiaries requires advanced planning.
Having accumulated wealth through our working life we need to reflect on how this will be shared with HM Revenue & Customs after our death. We provide specific advice on how to reduce any liability through the use of:
- Will planning
- Lifetime gifts to individuals
- The use of Trusts
- Allowances and exemptions applying to specific assets
Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.Passing on your estate to your chosen beneficiaries requires advanced planning. We will discuss with you your plans and help you to identify what course of action you could take in order that they can be met. Since none of us knows when we will die, this means making the necessary provisions now.
The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby
It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse or yourself and your civil partner in your later years. Striking this balance calls for considerable skill and foresight – and
Our Estate planning team is led by Paul Short and assisted by Lucy
- Reviewing your will
- Making full use of exemptions and lower tax rates on lifetime transfers
Optimisinglifetime transfers between spouses
- Transferring agricultural or business property
- Should you create
- Transferring assets into
- Arranging adequate life assurance to cover potential inheritance tax liabilities
- Should you consider the purchase of a
specialisedinvestment to reduce IHT?
If you would like to know more about our Inheritance Tax Services, please contact us today.
Meet the experts
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Senior Tax Manager Lucy Orrow has helped many clients with their Inheritance Tax and Estate Planning enquiries. In this series of Inheritance Tax case studies, we look at a typical scenario for Inheritance Tax and the implications of giving away wealth as a way of...
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