Private client services: inheritance tax planning and wealth protection
The growth in property values means that inheritance tax has become an issue for an ever-increasing number of people.
Most of us want to know that when we are no longer around, we will be able to take care of the people we love by passing on the wealth we have worked so hard to accumulate.
The last thing you want is for the taxman to take any more of your assets than necessary but in organising your affairs in the most tax-efficient way, you also need to make sure that you take good care of your own financial needs in retirement and old age.
That is why more and more people are turning to people like us for expert help with estate planning, including inheritance tax planning.
Estate planning includes drawing up a well-drafted, tax-efficient will and taking advice on opportunities to minimise inheritance tax, including lifetime gifts.
Other estate planning solutions include whole of life insurance policies, which can help to offset significant inheritance tax bills in the future. Trusts are another useful tool for protecting assets to be handed on to future generations in a tax-efficient way.
Whatever the size of your estate, we can advise on opportunities to help you pass on your assets more effectively.
We are happy to conduct an inheritance tax review, to assess your exposure to inheritance tax – charged at a rate of 40% - and advise on ways to minimise any liability.
For example, a well-drafted will is a valuable tool in inheritance tax planning. We can help you draw up a tax-effective will in-house or we would be happy to work with your solicitor.
To find out more about how we can help you, please contact us.
The Financial Services Authority does not regulate tax advice.
