Skip links

Inheritance & Estate Planning

Estate Planning Wishes

Leaving gifts to family or friends is an important way to pass on your wealth to the ones you love and the causes you care about.

But this isn’t always as straightforward as it seems.

Making a plan for your money, property and possessions – your ‘estate’ – whilst you are able to do so, is an effective way to make sure that your wishes are carried out as you want them to be.

As Financial Planners, we can discuss Estate Planning with you as part of your full financial journey.

Inheritance Tax on Your Personal Estate

The area of tax planning that can most benefit your family is inheritance tax, which can cost your loved ones dearly if not organised effectively. Careful financial planning can significantly reduce, or even completely mitigate inheritance tax so that your family reaps the full benefit of your hard work when you are no longer there.

How can we reduce inheritance tax?

There are several options available to mitigate inheritance tax. These include gifting assets either directly or into a trust, or buying a life assurance policy to provide your family or beneficiaries with a lump sum payment when you die. This could be used to pay any inheritance tax bill. Alternatively, investments can be an attractive option, as some can qualify for business property relief. There are a myriad of ways to make sure you only pay the right amount, and that your family are not left with a surprising bill.

Please get in touch to discuss your plans and wishes for your estate.

Contact Us