When trying to minimise the inheritance tax payable on your estate by your beneficiaries, there are many different options, depending on the circumstances. Subject to your particular situation, the size of your estate and various other factors, we can discuss with your the options available for mitigating inheritance tax on your death and their pros and cons.
Trusts: A Trust is a fund which contains assets that are controlled by you and/or a nominated third party for the benefit of a specific individual(s). They are governed by complex legal regulations and separate tax rules. A Trust can be set up at any time during the lifetime of an individual to become operative immediately or following death. If you wish to find out more about what a Trust can do for you please call the office to book an appointment with one of our Private Client Team.