IT
Inheritance Tax Planning
Lawful planning that reduces the inheritance tax your family will face.
Inheritance tax is charged at 40% on estates above the available nil-rate bands. With planning, many families can reduce that bill through lifetime gifts, use of reliefs and careful will drafting. We work alongside your accountant or financial adviser where needed.
Why LDN Legal Associates for Inheritance Tax Planning
- Planning built around your income needs, not just tax savings
- Coordinated advice with your accountant and financial adviser
- Regular reviews as rules and family circumstances change
Services
- Estate valuations and IHT forecasts
- Use of the nil-rate and residence nil-rate bands
- Lifetime gifting strategies
- Business and agricultural property relief
- Gifts to charity
- Pension and life-policy planning with advisers
Our Approach
01
Estate Review
We estimate your current inheritance tax exposure.
02
Options
We set out the planning options with their benefits and risks.
03
Implementation
We put the agreed plan in place, including wills and trusts.
04
Review
We revisit the plan as your circumstances and the rules change.
Inheritance Tax Planning Case Outcomes
£220K
TBDForecast inheritance tax reduced through gifting and relief planning.
Solicitors in this Area
Frequently Asked Questions
Each person has a nil-rate band of £325,000, and a residence nil-rate band of up to £175,000 may apply when a home passes to direct descendants. Unused allowances can often pass to a surviving spouse.