Make sure what you leave behind goes to your family
Inheritance Tax can significantly reduce the value of the estate you leave behind but with the right planning, much of this tax burden can be reduced or even avoided. One common pitfall is how Life Insurance policies are handled. Without proper structuring, the payout from a policy may be considered part of your taxable estate.
At Choice Wills, we help you put the right measures in place to protect your estate and ensure more of your wealth goes to the people you love, not to HMRC.
Why do I need Inheritance Tax Planning?
Without proper planning, your estate may be subject to a 40% tax rate on anything above the Inheritance Tax threshold and even Life Insurance payouts could be caught in the net. This can mean your loved ones receive far less than you intended.
By putting the right measures in place now, you can minimise your estate’s tax burden, avoid unnecessary losses and ensure more of your wealth is passed on to those who matter most. Our expert team can help you take simple, effective steps to secure your family’s financial future.
What is Inheritance Tax Planning?
Inheritance Tax Planning focuses on arranging your estate to reduce the amount of tax due when you pass away. At Choice Wills, we guide you through key steps such as:
Placing Life Insurance policies into Trust
Maximising tax-free allowances and exemptions
Making use of lifetime gifting strategies
Structuring your Will to distribute assets tax-efficiently
Simple, effective advice that makes a real difference
Inheritance Tax Planning doesn’t need to be complicated or expensive. Our team will help you understand your options and put straightforward protections in place.
Contact us
Call us on 01604 378605 to receive more information. Alternatively, you can fill out the form below and one of the team will get in touch.