Inheritance Tax planning

Ensuring your lifetime’s wealth goes to your beneficiaries, not to the taxman

You want your estate to pass into the hands of your chosen beneficiaries.

And yet, all too often we meet clients who are shocked at how much of their inheritance is taken from them before they even see it! In fact, at present rates, the taxman can take up to 40% of your estate!

Worse still, dramatic increases in property values have not been matched by an increase in the IHT threshold. Which has led to many more estates falling within the taxman’s grasp, making your estate planning an urgent priority.

At Chandlers we can help you with your estate planning, including succession planning and business exit strategies.

Reduce your tax liability

There are a number of ways to reduce the potential tax liability on your estate, and they all involve careful planning - often over a long period.

Lifetime gifts, the judicious uses of trusts, and care with the transfer of agricultural and business property can all help to reduce IHT liability.

It is also possible to mitigate potential inheritance tax liabilities by arranging adequate life assurance cover.

Chandlers also helps with the drafting and updating of your will, and where appropriate, act as trustees or executors.