Estate Planning and Inheritance Tax Strategies

How our financial planning expertise can help you create and protect your wealth – and pay substantially less tax.

Making the right plans to take care of what happens financially after your death is not a topic many people look forward to, but its an essential step if you are serious about protecting your wealth.

Otherwise, inheritance tax (IHT) will be levied at a hefty 40 per cent on the total value of your estate above £325,000 – so forward planning is essential if you want peace of mind.

Our estate and inheritance tax planning specialists will work with you to identify ways to minimise your inheritance tax liabilities. We’ll review your estate, including personal and business assets, and prepare a tax-efficient will – a cornerstone of estate planning.

Working together

We will work together with you and look at legal and ethical tax-minimisation opportunities, including trusts, and help you make best use of the gifts and exemptions allowed under IHT rules, including lifetime gifts, annual gifts, gifts to charities and agricultural and business property relief.

In addition, we will look at your estate from all angles so that, for example, a gift that saves inheritance tax does not create a capital gains tax liability.

Lifetime security

Estate planning is not just about what happens when you die. We’ll make sure plans are in place to give you financial security during your lifetime and take into consideration the possibility of long-term care costs.

Bell Anderson can also advise on life insurance policies written in trust, a simple device that gives your family a tax-free lump sum towards any inheritance tax on your estate.