With the rising cost of living, we are all somewhat used to living with economic doom and gloom at present. However, recent analysis from the Office of Budget Responsibility (OBR), shows that you may also get stung after you are gone.
Rising inflation and the freezing of thresholds at which Inheritance Tax becomes payable, mean more people, and more of their wealth, will get drawn into the scope of Inheritance Tax.
The good news is that there are numerous planning strategies for managing Inheritance Tax liability, reducing its impact, or even taking yourself out of its scope completely.
We’ve put together a guide to these strategies, to help you minimise the impact on your estate, helping you to pass on as much of your wealth to your loved ones as possible.
We can help
If you would like more help and advice with estate planning, please get in touch.