Charlwood Leigh over the years have become expert in helping families
to arrange their affairs in such a way that in the event of a death, very
little of their wealth goes to the Inland Revenue to pay inheritance tax.
We can help you to organise your Will, so that it works efficiently to
reduce any tax liabilities you might have. We can help you to organise Trusts
for your family and dependants, which will give rise to assets outside of
your Estate, which will not be taxable on your death and yet still can in
certain circumstances provide you with an income if you need it.
This type of planning is extremely important, particularly now in the
South East, where house prices have taken many people above the inheritance
tax free threshold of £285,000.
When assessing your liability to inheritance tax, you must remember that
unless your pension funds, life assurance policies and certain other
investments are protected by Trusts on your death, they will become part of
your Estate and your family may receive, after inheritance tax, much less
than they had envisaged. In some cases, this is far less than they will need.
A simple Trust document can protect these monies from the taxman and give
your family up to 40% more benefit if you die.
Charlwood Leigh will help you to assess your current liability to
inheritance tax and can suggest some constructive ways to re-organise your
assets and set up necessary Trusts so that your inheritance tax liability is
minimised.
