Services > Wealth Management >

Inheritance Tax Planning

They say two things are certain in life…. tax and death (where have I heard that before!). Although there is little we can do about the latter, we can help ensure your estate pays as little tax as possible upon your death.

Of course, this form of tax is not a problem that affects us but those we leave behind. It is our children and the executors of our Wills that have to deal with the burden of this tax. Sensible planning while we are able can significantly reduce the liability without affecting your lifestyle today.

There are a number of ways to reduce the Inheritance Tax liability, and some of these include:-

  • Equalising the estate between spouses
  • Creating a ‘gift and loan-back scheme’
  • Making sure that Wills are up to date
  • Using Life Assurance policies in Trust
  • Make gifts during your lifetime

Some of the above will involve other professions such as accountants or solicitors to help you implement your tax planning. If so, we are able to refer to either Condy Mathias Chartered Accountants or local firms of solicitors who we have grown to know and trust over many years.

It is important that any Inheritance Tax Planning is implemented alongside general tax planning and so I would also refer you to our section on ‘Tax Planning’.

Condy Mathias Financial Planners Ltd are regulated and authorised by the Financial Services Authority