Inheritance Tax
Planning for the future is about more than just numbers; it’s about preserving a lifetime of hard work and cherished memories for the people who matter most. We understand that every asset holds a story and a purpose, whether it’s a family home, a business you’ve built, or investments meant to provide for your loved ones. Our Inheritance Tax (IHT) planning services help you safeguard your legacy, ensuring that what you leave behind becomes a source of security and support for future generations.
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Planning for the Future
Inheritance Tax is often referred to as a ‘voluntary tax’ because, with proper planning, it’s possible to mitigate or even eliminate your exposure to tax that would otherwise be payable on your death estate. Our IHT planning service is designed to help you manage your wealth with peace of mind, knowing that your assets will be transferred efficiently to future generations.
Our approach begins with an assessment of your current IHT exposure, based on your current assets and reviewing your estate in light of your personal goals. We will then evaluate your current Will (or intestacy rules) and examine any past gifts made within the last seven years. We also discuss your overall objectives—whether you’re looking to minimise tax exposure or simplify your affairs for your beneficiaries
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Developing a Tailored Strategy
Once we have a clear picture of your estate, we’ll work with you to develop a tailored IHT strategy. This will likely involve a balanced approach that combines various options, such as:
Annual Gifting and Exemptions: Making full use of annual exemptions and small gifts to gradually reduce your chargeable estate.
Lifetime Gifts and Potentially Exempt Transfers (PETs): Transferring non-essential assets to loved ones, with the aim of surviving seven years to avoid the transfer reducing your ‘nil-rate band’.
Business and Agricultural Property Reliefs: Structuring business or agricultural assets to qualify for IHT reliefs, if applicable.
Charitable Giving: Incorporating charitable donations to reduce the IHT rate payable upon on your estate, while supporting causes you care about.
Trusts and Family Investment Companies: Exploring options to safeguard assets while reducing IHT exposure, in coordination with your solicitor.
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The Importance of Planning Ahead
Discussing topics like inheritance and death can be challenging, and it's natural to feel hesitant. However, this reluctance can often lead to missed opportunities for effective planning. Many valuable inheritance tax reliefs require that certain structures are established well in advance, often at least two years before they can take effect—sometimes even longer, depending on the circumstances. Waiting until later in life or during a time of declining health can mean that the window for impactful planning has passed. Starting your planning journey today ensures you can make the most of available reliefs and pass on as much as possible to future generations.
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Ready to Get Started?
If you’re looking for reliable expertise with a down-to-earth approach, we’re here for you. Let’s start with a conversation—contact us today to discuss how we can help you achieve your goals.
Here’s how to get started
Pick a time
Schedule a free consultation either in person or virtually, at a time that suits you. This helps us understand your goals and tailor our approach from the start.
Chat with an advisor
Chat with an advisor who will get to know your needs and clearly outline our services, empowering you to make informed decisions with confidence.
Fixed fee quote
Once we’re up to speed, we’ll provide a clear, fixed monthly quote for our core services, so you’ll know exactly what to expect each month.
We’re here to help
Contact us today to find out more about how we can help you.
Our Approach to Client Success
We believe that great service starts with understanding. We take the time to learn about your unique circumstances, allowing us to provide personalised, jargon-free advice that supports your specific goals.
Tailored Solutions
We don’t take a one-size-fits-all approach. Our services are tailored to meet your unique needs and goals, aligning our guidance with what matters most to you.
Clear Communication
We simplify complex financial matters, providing clear explanations so you're informed and empowered to make confident decisions - without the jargon.
Proactive Advice
We go beyond compliance. Our proactive approach identifies opportunities and challenges early, helping you keep ahead in an ever-changing financial landscape.
Long-Term Relationships
We’re committed to lasting partnerships based on trust and expertise. We’re not just here for a transaction; we’re here to support you at every stage of your journey.