Inheritance tax planning
Ensuring that your money
goes to the people it was meant for.
Inheritance tax frequently asked questions.
Can
my heirs pay the inheritance tax bill from their inheritance ?
The Inland Revenue usually
requires any tax to be paid before an estate is distributed, which can mean
that your beneficiaries need to take out expensive
loans in order to pay the bill and receive their inheritance.
Do I need a
Will ?
Without a valid Will your assets will go where the courts determine, not to
where you may have wished.
Are there any charges if inheritance tax is paid late?
Yes, interest is charged on any tax not paid by the due date, no matter what
caused the delay in payment. The due date is six months after the end of the
month
in
which the death occurred.
What is an ‘estate’?
A
person’s estate includes the total of everything owned in his or her
name,
the share of anything owned jointly, gifts from which he or she keeps back
some benefit, for example, a house still lived in and maintained, although
given
to someone else, assets held in trust from which he or she gets some personal
benefit, for example, an income.
How We Can Help.
Contrary
to what some might think, Inheritance tax is one of the most avoidable of
taxes. An expert Financial
Adviser will be able to ensure that most clients completely escape the tax.
If you want all the benefits of a qualified independent financial adviser working for you, then please fill in the no obligation enquiry form below.
We ensure clients understand the advice given and the recommendations made, and that they are kept informed at every stage.
We believe the best advice is independent advice
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