Estate Planning - Inheritance Tax Planning, Trust Planning
01252 861380Estate Planning
Inheritance Tax Planning, Trust Planning
With house prices increasing significantly in recent years, it is widely acknowledged that more and more people are being caught in the Inheritance Tax trap, particularly in the South East of England.
As part of our financial review process, we would assess your likely liability to Inheritance Tax (IHT), based on your current level of assets and advise you regarding appropriate ways of reducing the level of Inheritance Tax, which your beneficiaries may ultimately pay.
Depending on your personal circumstances and objectives and the size of your estate, our advice might include:
- Reviewing your wills with your solicitor or legal adviser
- Maximising the various Inheritance Tax exemptions, reliefs and allowances
- Setting up an appropriate trust
- Taking out a life assurance policy
The subject of Inheritance Tax Planning and estate planning is extremely complex and has been subject to change and increased scrutiny by the HM Revenue and Customs in recent years, so it is more important than ever that your affairs are structured correctly, both from a legal as well as a tax-efficiency perspective.
At Pensions & Wealth Planning, not only do we take these factors into account, but we take every care to ensure that the advice we give you is appropriate to your needs and allows you the level of control over your assets that you require. Consequently, if structured properly, considerable savings can be made in the amount of Inheritance Tax your beneficiaries may pay.