Estate Inheritance & Planning

Estate planning involves making decisions and creating a plan as to how to pass your assets such as property, savings, investments etc. to the intended beneficiaries in the most tax efficient manner. A significant part of estate planning will be to minimise the Inheritance Tax (“IHT”) bill. The earlier you start planning, the more you can minimise the impact of IHT on your finances.

It is crucial to recognise that estate planning is an ongoing process. Given the dynamic nature of tax laws and rates, it is essential to regularly review and update your plan to ensure its continued effectiveness.

We can assist you in taking simple yet effective steps to minimise your exposure to inheritance tax. We can guide you through the following strategies:

• Small gifts
• Pension beneficiaries
• Gifts to charity
• Insurance
• Potential exempt transfers
• Gifts out of normal expenditure
• Discretionary trusts
• Business and agricultural property relief
• Loan trusts