Few people like to think about death but if you don't plan carefully you risk leaving your loved ones a large inheritance tax bill, rather than the financial security you want for them.
Even people on relatively modest incomes have seen the value of their estates soar on the back of long term increases in property prices. As a result your beneficiaries may have to sell or remortgage the family home to settle the tax liability on your estate.
However, with good planning you can control where more of your wealth goes and hand less to the government. The earlier you arrange matters, the more chance you have of using the available exemptions and allowances to reduce your inheritance tax liability.
We can help with the following aspects of estate planning:
- Lifetime transfers at nil or lower rates of tax
- The transfer of assets into a trust
- Gifts of business and agricultural property which are tax exempt
- Transfers between spouses that escape inheritance tax
- The tax efficiency of your will.
We will work with you to understand your family situation, so that we can give you impartial advice on all the tax aspects of passing on your wealth. In the end, we are here to help you leave the legacy you desire.
Please contact us for a consultation.
