Inheritance Tax Planning

Whether you are a Trustee, a potential beneficiary of a Trust or you simply want to consider all your options for estate planning (including reducing a future Inheritance Tax liability), we have the expertise to help you.

You may be wealthier than you think. The value of your home has probably increased dramatically in recent years. Add to that the contents of your home, your car, savings and life insurance, and your estate could be worth more than £312,000 - the Inheritance Tax threshold for 2008/09.

That's the level above which your beneficiaries will have to pay Inheritance Tax (IHT), subject to certain exemptions and reliefs. So, for example, if your estate is worth £400,000 and you leave it to your children, they will have to pay tax on £88,000. With IHT at 40 per cent, the tax bill would be £35,200.

However, there are many arrangements that can limit or eliminate the amount of tax due on an estate. We will also advise you on what to include in your Will.

We will dovetail our expertise in financial planning with specialist Trust knowledge to provide advice relevant to your situation. We are supported by leading solicitors and accountants to provide additional expertise where necessary, and hold seminars on IHT regularly with such firms

If you don't take action you could end up leaving much of your estate to the taxman. We could save your heirs a substantial tax bill.

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