Protecting your wealth and ensuring it passes to your loved ones in the way you intend requires careful planning.
Without the right structure in place, your estate could be subject to significant Inheritance Tax and poorly drafted Wills may leave beneficiaries with far less than you hoped.
We have years of experience helping individuals and families across Bath, Bristol, London, Taunton and Yeovil plan for the future to ensure their beneficiaries receive the most from their inheritance.
Our advisers work with you to reduce Inheritance Tax liabilities, make best use of allowances and ensure your assets are protected for the next generation.
Planning for Inheritance Tax
Inheritance Tax (IHT) is usually charged at 40 per cent on estates above the nil-rate band, though additional allowances are available, particularly for family homes.
We’ll help you:
- Calculate potential liabilities and assess available reliefs
- Structure your estate to minimise IHT exposure
- Use lifetime gifts and exemptions strategically
- Ensure your Will is up to date and reflects your wishes
The rules surrounding IHT are constantly changing and so it is important that you regularly review your plans to ensure your estate remains tax efficient.
Using trusts effectively
Trusts can be an effective way to transfer wealth while maintaining control over how it is used.
They allow you to provide for future generations in a tax-efficient way while protecting capital.
Our specialists advise on setting up, managing and reviewing trusts tailored to your circumstances.
A joined-up approach
Our team takes a holistic view of estate planning, working closely with legal and financial partners to ensure everything — from property and investments to overseas assets — is accounted for. We’ll also help you understand how wider tax changes, including Making Tax Digital for Income Tax, may affect your overall position.
