Estate planning

Managing inheritance tax liabilities

Individuals often dismiss inheritance tax as a levy that someone else will pay after their death or live in the hope
that it will be changed for the better by a new government, or a change in government policy.

In advising on taxation and the use of trusts, we work very closely with our dedicated tax and trust teams.

The most important thing is to look at your total wealth and decide how much of it you actually need to retain in
order to maintain your current lifestyle.

It may be possible to reduce or even mitigate entirely the liability that your estate is exposed to by using HM Revenue & Customs approved techniques, such as gifting, the use of trusts or other approved tax savings methods. The sooner you look at the options the better, as these narrow significantly as you get older.

Our financial modelling techniques can help and there are a number of methods that can be employed to reduce your
potential tax liability, including the use of life assurance.

For more information, contact one of our financial planners.