At 40% above the threshold, inheritance tax is a significant issue for many families, and one that is often left too late.
For clients with larger estates, inheritance tax can represent the single biggest tax bill of their lives. Unlike income tax or capital gains, it falls not on them but on the people they leave behind. Good estate planning reduces that liability, makes wishes clear, and ensures assets reach the right people.
What the service covers
Reviewing your current estate to understand what is taxable and what the liability looks like today. Identifying appropriate strategies to reduce that liability. Insurance, gifting, trusts, business relief and charitable giving, used where they genuinely fit your situation. Coordinating with your wills to make sure your financial planning and legal arrangements are properly aligned. Powers of attorney, ensuring the right arrangements are in place if you lose capacity. Multi-generational planning, helping families think about wealth transfer in a coordinated way.
On legal advice
The service works closely with solicitors where needed to make sure financial and legal arrangements work together. Legal advice is not provided directly, but the coordination helps ensure nothing falls through the gap between the two.
The sooner the better
Estate planning is one of those things that tends to get deferred. The earlier it is addressed, the more flexibility there is, and the more of what you have worked for ends up where you intended.