However, your estate may be liable to Inheritance Tax and much less than you thought could be passed onto your beneficiaries. Paying Inheritance Tax is not completely out of your hands. Whether you are taking a principled stand or a practical one, you have some control.
Take the time to evaluate whether or not Inheritance Tax could become payable. Planning well in advance is the best strategy.
Without the right professional advice, HM Revenue & Customs may become the biggest beneficiary of your estate following your death. All the assets you hold on death need to be valued, including reliefs and exemptions to calculate the value of your estate, and the liability to Inheritance Tax.
Don’t leave it to chance – get in touch for a review of your situation and ensure your hard-earned assets are passed on quickly to the ones you love.