The object of inheritance tax planning is to preserve family wealth and pass it onto future generations. Forward planning is essential. This area can be particularly difficult for parents and grandparents due to the variations in family relationships.
In order to provide advice we need to understand what your intentions are, your family relationships together with your requirement for income and capital in your later years including care in the future.
Any recommendations that we make could include the use of trusts, changing the structure and type of investments that you hold (to be more IHT efficient) or indeed making gifts during your lifetime.
With the increase in property values this particular tax has started to affect many more estates in recent years.
Seeking advice is a wise investment in protecting your wealth, avoiding unnecessary tax bills and ensuring that your assets, including your business, are dealt with as you wish.