Inheritance Tax
Pass on more of what you’ve worked for
Inheritance Tax is one of the few taxes you can plan for years in advance. We quantify the liability that would arise today, then suggest planning tailored to your circumstances and goals.
What a typical Inheritance Tax project looks like
Getting to know you
A first, no-obligation conversation to understand your situation, your family circumstances and what you’d like to achieve. We can then provide a tailored fixed fee quote.
Written advice
We’ll prepare a report for you:
- detailing how the liability is calculated (there’s a lot of misunderstanding in this respect)
- calculating the current liability should you pass away without undertaking any planning (the “hit by a bus” scenario often helps provide clarity)
- outlining suitable planning options for you to consider along with our recommendations
Post-report meeting
We will meet with you again to discuss the report and in particular the planning options available, with a view to agreeing a suitable strategy.
Follow up
Alongside your solicitor and financial adviser as appropriate, we’ll ensure that the planning is implemented in accordance with the tax advice provided.
When to think about it
The earlier you start, the more you can do
You’ve sold a business
Shares often attract Inheritance Tax relief; the cash you receive for them does not. A sale is one of the best moments to review your exposure.
You’re planning the next chapter
As income needs become clearer, so does how much you can comfortably pass on, and when it makes sense to start.
Something has changed
A marriage, a bereavement, a new grandchild or an inheritance of your own are all good prompts to look again at the plan.
Plan ahead
Start with a clear picture.
If you’d like to understand your Inheritance Tax position and the options open to you, we’d be glad to talk it through.