Yes – we can advise on how to structure your Will to make sure any tax will be as low as possible.
There are different ways you can reduce your inheritance tax bill, including:
- Leaving money to charity
- Setting up trusts
- Giving away parts of your estate while you are still alive.
Preparing for inheritance tax is essential so that the value of your estate is not drastically reduced for your loved ones. With effective estate planning you can make sure your wealth is protected for the next generation – our lawyers and tax advisers can advise on the best way to do this.
Lifetime inheritance tax exemptions are also a valuable planning tool to consider, if you have spare income or capital that you can give away before your death. Our financial planners may be able to help you rearrange your assets so that you can make a gift of something in your lifetime and save your estate being taxed.
Read more about inheritance tax planning.