Would you like to reduce your Inheritance Tax Bill?
In the past Inheritance Tax used to be an activity for the very rich. Increased wealth means this is no longer the case. Now families and individuals need to plan ahead to ensure that their assets are passed on to their loved ones as efficiently as possible.
Of course, inheritance tax mitigation is only one of the factors that you need to consider when passing on your wealth. Estate planning can be defined as passing your estate to the people that matter to you in the most effective way.
“In this world nothing is certain but death and taxes” Benjamin Franklin
An estate of £1 million could lose almost 30% of its value in inheritance tax on death.
Have you asked yourself who stands to inherit most from your estate?
- Your family?
- Your chosen charities?
- The Taxman?
We are experienced in this area of financial planning and will be able to advise you on the most suitable trusts to suit your requirements.