Inheritance Tax is often avoidable and appropriate planning can have a significant effect on the size of estate that is passed to heirs.

Many people fall foul of the HMRC by setting up arrangements that they think will avoid IHT. The most common is to give something away, but in reality keep it. But gifting away the family house whilst still living in it, or putting money into a trust and still being able to get it back may sound like good ideas, but a gift is not a gift if the donor retains actual or potential benefit from the gift, except in some special circumstances and we are fully aware of these.

We can -

• Plan an estate in order to take advantage of the IHT & CGT exemptions.
• Review a client’s will (assuming one exists !)
• Establish Trusts to hold assets outside your estate in a tax efficient way.
• Ensure that any IHT planning still gives access to the income that you require.

Start work on your estate preservation today and contact us to arrange a review, at our cost, of your current arrangements.

To contact our Private Client team please click here