Inheritance Tax Planning

Everyone has a different idea of how they want to pass on their wealth on death - your intention may be for family members to inherit or for a charity to receive your legacy.  You may wish to reduce the effect of inheritance tax on your estate and consider the use of family trusts or charitable foundations. Perhaps your wealth might encompass businesses, property and investments in the UK and abroad that require specialist considerations.

 

Many people think that inheritance tax planning requires a timeframe of at least 7 years to be fully effective. However, substantial inheritance tax savings can often be made in a much shorter period. More recently, an increasing number of our clients have requested information, in respect of legal advice, as to how they can protect their assets from third party threats. Many clients fear that their home may be lost to pay for care home fees; others fear that gifts during lifetime or legacies to children on death may be lost to a child's former spouse as a result of divorce or a failed business venture.

 

We can therefore help you with the many aspects of inheritance planning, including writing (or updating) your will, establishing trusts and maximising your inheritance tax reliefs to ensure your hard earned wealth is protected for you and your family.

 

We can help you prepare for tomorrow. 

 

The Financial Conduct Authority does not regulate tax, estate planning or trusts.