MINIMISING Inheritance Tax
As Inheritance Tax rates and rules are subject to change, our advisers can help ensure that you are using your maximum allowances. We can also provide current information on how to set up trusts, including family trusts, which are designed to preserve wealth and avoid unnecessary legal and fiscal complications, at the same time avoiding family disputes.
If you have concerns with Inheritance Tax, we will work with you to provide the appropriate solution for you and your family. We appreciate this can be a sensitive area, so we will use our experience to help ease any concerns or questions your family members may have.
It is important to note that The Financial Conduct Authority does not regulate some aspects of auto-enrolment, tax advice, wills or trusts.
Under current regulations Inheritance Tax is levied upon a person's death if their estate, which includes their property, along with their savings and possessions, is worth more than £325,000. We can help you mitigate your tax liabilities through prudential planning.
Establishing trusts are an efficient way of making future provisions for your family. You could for example set up individual trusts for your own children, plus grandchildren. Any money placed within a trust falls outside your estate, so is therefore not liable for Inheritance Tax.
Making a will
Having a current and valid will is an important part of estate planning since it allows you to decide how your money, property and possessions are divided upon your death. With the help of a solicitor we can ensure your estate is passed on in the most tax-efficent manner.
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