Inheritance Tax Planning
Overview
Inheritance Tax Planning
OverviewWe all want to know that our loved ones will be looked after once we're gone.  Unfortunately there is the possibility that our estates may be eroded by costs such as inheritance tax and long term care before reaching our beneficiaries. Estate preservation is the process of planning for the potential threats which can endanger our estates. We believe this process should go hand-in-hand with planning to ensure your own quality of life in retirement, as these two goals can often be conflicting. Estate preservation can also be quite complex - it's often not sufficient to just write a will, or just make some gifts, or just create a trust - sometimes these solutions must be used in concert and in the right manner to preserve your estate without disadvantaging your retirement. For these reasons and more, financial advice is strongly recommended when considering estate planning - the wrong strategies could be ineffective, could harm your financial position, or worse. |
 |
| We normally recommend that inheritance tax and care planning be considered side by side but this page deals specifically with inheritance tax planning advice to keep things simple. For details of long term care planning advice, click here or choose from the Care Planning options in the menu above and to the right. |
|
 |
Inheritance Tax Advice  Inheritance tax can place a significant burden on the estate, but with careful planning it may be possible to legitimately minimise your exposure to inheritance tax, allowing more of your funds to reach those you intend to have them. When advising a client on inheritance tax planning we will first make a detailed assessment of their inheritance tax liability, their financial situation and their own financial needs. Secondly we will assess possible avenues of IHT mitigation which might be used without adversely affecting the client's own needs. This is critical because all inheritance tax solutions have potential downsides and must be weighed very carefully against the client's own needs. Thirdly we make recommendations and assist the client in putting solutions in place. For more information on potential solutions, see below. |
To find out more, choose from the following links...
Do you have an
IHT liability?
Potential IHT
Solutions
Next Steps If you'd like to discuss your estate preservation options, do feel free to contact us.
Or you can message us from this website by clicking here. |
 |
Content copyright 2012 Whitchurch IFA Ltd. All rights reserved.
Private Limited Company Registered in England and Wales number 7859123
All images are either bespoke, provided by GoDaddy image library or modified works
released under Creative Commons License without restriction. For specifics please contact us.
Proud supporters of the Noah's Ark Appeal - official charity of the Children's Hospital for Wales.
Click the logo to the right to help!
To learn about our data protection, confidentiality and IT security policies click here.
The content of this website is intended for private individuals and introducers in the United Kingdom only. It is intended to provide generic information only and constitutes neither financial advice nor an offer to provide financial advice. We strongly recommend that all parties seek professional financial advice before taking out, funding, amending, crystalising, taking income from or cancelling any financial policy, product, instrument, contract or commitment. If you would like to seek advice on any of the aspects mentioned on this website from us please click here to contact us.
If you wish to register a complaint, please write to us at 70 The Philog, Cardiff CF14 1EB or telephone 02920009479. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.
Whitchurch IFA Ltd is not responsible for the content of external websites linked from this site.
