Unfortunately upon your death the beneficiaries of your estate will be subject to Inheritance Tax however, you can take measures to minimise the amount of tax owed thus ensuring more of your estate goes to those that you hold dearest.
With the government taking 40% of everything over the Inheritance Tax Threshold (IHT) your estate could be subject to a significant tax bill upon your death. However, there are ways to minimize inheritance tax and make sure that your chosen beneficiaries receive the maximum amount available from your estate. Achieving this relies foremost on future planning, as altering things post death is very difficult. Speak to one of our expert advisors today to find out how we can help you minimize your inheritance tax bill.