Planning for later life - inheritance tax package

Our package is a step-by-step guide that helps you consider what inheritance tax exemptions and allowances are available to you. There are four steps to our package. We’ll give you practical advice through each step which will lead you to know exactly what your financial position is. 

Step 1 - You’ll get a pack prepared by our legal and tax experts. It has detailed information on how inheritance tax works and what allowances and exemptions there are. This includes: 

• Inheritance Tax Nil Rate Band (NRB) and Transferable NRB – making the most out of your tax-free allowance
• Inheritance Tax Residential Nil Rate Band (RNRB) and Transferable RNRB – a separate tax-free allowance that could apply if you pass your home on to a family member when you die
• Gifting opportunities you could take advantage of during your lifetime
• Business and agricultural property relief
• Taxation of trusts
• How to avoid inheritance tax problems. 

Step 2 - We’ll send you a questionnaire to help us assess your situation to understand your current position. 

Step 3 - We’ll set up a face-to-face consultation with one of our inheritance tax experts to discuss the information from your questionnaire. You can also ask us any questions you have and we’ll decide on the next steps together. 

Step 4 - After your consultation, our experts will put together and send you a detailed report that outlines your inheritance tax position. The report will also include suggestions and actions you should take to put your estate in the best possible position for inheritance tax. This will help you avoid issues later on.