Unfortunately upon your death the Inland Revenue will tax your beneficiaries at a current rate of 40% on all your estate above the prevailing Inheritance Tax Nil Rate Band. This could be the largest tax demand your beneficiaries may ever face, possibly leading to the sale of asset such as the family home. This situation may be avoided with appropriate advice and planning.

We can advise you in relation to a number of different trusts that can be used to help mitigate any potential Inheritance Tax liability.

Contact us today for free guidance on these areas.

The Financial Services Authority does not regulate advice on taxation and trusts