Inheritance Tax

In a recent tax year the Government collected £3.3bn in inheritance tax (IHT) revenue. If your net worth (your assets minus your liabilities) on death is over the exempt threshold (£325,000 as at 2010/11 & nil band frozen until 2014/15) your estate will be subject to IHT at the rate of 40%.

What many people do not realise is that it is possible to limit their IHT liability. We can provide you with advice on how to avoid a significant IHT liability.

Planning

IHT is often referred to as a voluntary tax and to an extent this is correct. With the right financial planning we can help you limit your IHT liability and make sure you pass on your assets to those you choose and not the Government. Our Personal Financial Planners and Solicitors can provide advice and assistance with:

• Drafting a Tax-Efficient Will
• Gifting Assets/Using Tax Free Allowances
• IHT-Efficient Investments
• Lifetime/Discretionary Trusts

Trusts

Trusts are a very effective, if sometimes complex, way of giving your money, property or shares, to others, whilst ensuring that you, or others that you trust (hence the name), retain some control over what happens to those assets.

Trusts are frequently used to limit IHT liability on death. You can create a trust while you are alive (a 'Lifetime Trust') or you can create a trust on your death in your Will (a 'Discretionary Trust').

Unique

Aberdein Considine offers tailor-made solutions for your own personal circumstances, as they are now, and regular review meetings in the future to ensure any changes in legislation or in your own personal circumstances are catered for.

Contact Us

To make an appointment with one of our Personal Financial Planners either contact your local office, complete the contact form or call 0844 800 3614.