Inheritance Tax planning


Do I have to pay Inheritance Tax?

Inheritance Tax is often called a "voluntary tax" because with sufficient planning, it is possible to make arrangements during your lifetime to reduce or even remove the need for payment altogether. 

How can I make my estate more tax efficient?

There are a number of things you could do that include:

  • Making use of allowances and exemptions each tax year
  • Giving away certain assets during your lifetime
  • Making gifts to certain categories of people
  • Writing your life insurance policy in trust
  • Making an Inheritance Tax efficient will

However, please be careful not to jeopardise your financial security as you can't get your assets back once you have given them away.

Need help to plan your estate?

Legal Services At Home provide a professional and friendly Estate Planning service to help you protect your assets for your family and future generations.