What is inheritance planning, and why is it important?

Ensuring that there is planning in place for your finances after you’ve passed away is crucial, as you need to ensure that you can maximise the value that is inherited by your beneficiaries.

It is all about planning for the future – looking after your family and friends after you’ve gone, growing and organising your wealth for their benefit when you die.

Inheritance planning can be done during your life to help set things up efficiently at the time of your death. The main benefits of this are that very little work on tax planning will have to be done after you pass, and it will also potentially help with tax liabilities too.

Inheritance Planning

We’re here to help make the process easier for you

Our team of highly experienced financial advisers will work with you to understand your current financial position, and determine what your inheritance tax bill is likely to look like. They will also discuss with you who you wish to benefit from your estate, and how this will be controlled.

We will then produce a tailored plan to help to meet your objectives – and help save the taxman from being the biggest beneficiary of your estate in the process! As Independent Financial Advisers (IFA), we have a wide range of products and services that we can use to best meet your needs and wishes for the future.

Senior couple meeting financial adviser for investment

Here’s what we can help you with

How to maximise your gift and exemption allowances
The order of your estate for inheritance tax calculations
Explain exactly how inheritance tax works
Setting up trusts for your loved ones, if required
Business relief investments
Guide you through every stage of your inheritance planning

Our team also works closely with several experts in the legal and accounting fields, who can help to advise too, alongside our service.

If you’re feeling overwhelmed with the thought of heavy inheritance tax bills, then rest assured that we’re here to you and your family retain as much as possible.

Contact us about inheritance planning