People often ask our advice on Inheritance tax Planning for many reasons, some because they wish to avoid paying too much in tax, but most because they are concerned for those they leave behind.

 

These are some of the ways we help you to Mitigate Inheritance Tax:

 

 

·         Childrens Trust

·         Grandchildrens Trust

·         Discretionary Trust

·         Disabled Discretionary Trust

·         Inheritance Discretionary Trust

 

Ensure your Will is written and planned correctly and make use of all exemptions and reliefs.

Although tax savings are good they are not the only consideration, more important is providing for those you leave behind, whilst still maintaining an acceptable lifestyle.Remain flexible as Legislation changes,Be aware that your circumstances and also your beneficiaries may change. We find that if you keep things as simple as possible it is often the best solution.

 

Here is a simple exercise to show you what your Inheritance Tax Liability would be.

 

ADD THE FOLLOWING

·         PROPERTY TOTAL VALUE (NOT JUST  EQUITY)

·         FOREIGN PROPERTY

·         LIFE ASSURANCE

·         PEPs

·         TESSAs

·         ISAs

·         PENSION DEATH IN SERVICE

·         NATIONAL SAVINGS

·         SHARES

·         UNIT TRUSTS / INVESTMENT BONDS

·         BUSINESS ASSETS

·         BANK / BUILDING SOCIETY SAVINGS

·         OTHER: HOUSE CONTENTS (CHATTELS)

·         CAR(s)    

 

Whatever your total value is above £325,000 each you would be attracting an Inheritance Tax Liability of 40% based on 2009/2010 IHT allowances. We can help you reduce this through Inheritance Tax Mitigation.

 

Interested?       Then call us on 01245 490808

 

       For a FREE Initial Consultation