How to protect your estate for future generations
Many individuals find the Inheritance Tax rules too complicated. If you struggle to navigate the UK’s Inheritance Tax regime, you are not alone. Whether you are setting up your estate planning or sorting out the estate of a departed family member, the system can be hard to follow. Getting your planning wrong could also mean your family is faced with an unexpectedly high Inheritance Tax bill.
Time to evaluate whether or not Inheritance Tax could become payable?
When someone dies, Inheritance Tax needs to be considered. Without the right professional advice and careful financial planning, HM Revenue & Customs can become the single largest beneficiary of your estate following your death. To evaluate whether or not Inheritance Tax could become payable, all of your assets you hold at the date of death need to be valued, and reliefs and exemptions determined.
Read our factsheet, by hovering over the image on the right, for more information.
Reference – FS018 – Oct – 18