Inheritance Tax Planning
Inheritance Tax is paid on an individual’s estate when they die. At present, the tax is levied at a rate of 40% on all of your assets (including property, vehicles, investments and savings). Inheritance tax is usually paid by the Executor or administrator from the funds in the estate.
We work hard all of our lives to provide for our families and leave something behind, would you want almost half of your hard earned assets to go to the tax man?
Fortunately, this tax liability can be mitigated with careful planning under the guidance of a qualified professional. We will review your entire estate by completing a financial review, if there is a risk of inheritance tax we will look at Trusts; gifting; life assurance and business trusts.
Probate Preservation Plus Trust (PPPT)