Inheritance Tax Planning

Guidance on providing for your beneficiaries responsibly.

If you’re in the fortunate position to want to leave some of your wealth to family, friends or a charity, we want you to do so in the most tax-efficient way possible. There are always financial and legal implications so it’s sensible to talk to someone with the appropriate expertise and who you’re comfortable confiding in.

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Inheritance Tax Planning

Inheritance Tax Solutions

We’ve been advising clients about Inheritance Tax Planning since 2012. Our service covers:

  • Wills
  • Lifetime gifts and Inheritance Tax allowances
  • Trusts
  • Lasting Powers of Attorney
  • Whole-of-life cover policies
  • Gift Inter Vivos Life cover
  • Business Property Relief.

Some of these are complex and require us to work alongside your solicitor and accountant. In partnership with them we will make sure that all of your wishes are taken care of. If need be we will recommend someone suitable.


Is my Will tax-efficient?

Your mortgage is paid off and you have a number of different investments that have steadily grown over the years. You have a couple of children and five grandchildren. Whilst you have a Will you are unsure whether it is structured in the most tax-efficient way or how it might be?

Working with you

As with all of our services we will meet you in person to understand your wishes exactly.

Due to the sensitivity of the topic and the intricacies of estate planning we usually have several meetings. This is designed to give you as much time as you need to reflect on the options we will share with you.

In inheritance tax planning there are three important things to consider:

  1. An up-to-date Will, so that the right people inherit your wealth according to your wishes
  2. The use of gifts or Trusts to minimise what may be ‘lost’ to inheritance tax (IHT).
  3. The appointment of ‘guardians’ if you have any children under 18

We know that circumstances change and that you may want to make changes to legacies or to take advantage of Lifetime gift options sooner. If so, we are always on hand to advise on your options.

If you are already an Investment Management client any such changes will usually come up on one of your twice-yearly reviews with us.


Parental Estates

Your parents are elderly and your father’s in care. You’re the eldest of three and you will all one day inherit their home. You don’t think they’ve ever had any financial advice and you’ve been advised to have power of attorney over their affairs. Your siblings are suspicious and think you want to take control of everything for your own interests. This is all new and so it’s important you speak to someone who has experience of this kind of situation.

Our Steps & Fees

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To learn more about our approach towards retirement planning, complete the form and an advisor will call you.

Alternatively, call or send us an email.

Call us: 01223 792196

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