Inheritance Tax Planning

Contrary to the belief of some, Inheritance Tax not only affects the very rich, but other people may be liable without realising. Few taxes are quite as emotive – or as politicised – as Inheritance Tax.

The structures into which you transfer your assets can have lasting consequences for you and your family. At IJP Wealth Management, we can help you choose structures and trusts designed to protect your assets and give your family lasting benefits.

Making a Will

We cannot stress how important making a Will is, as without one all decisions relating to your affairs will be made by the state – this includes who looks after your children. If you were to die without having made a Will, the surviving spouse or civil partner will not automatically inherit the estate but only a part of it, even if you were married with children. Furthermore, without taking court action, common law partners would get nothing.

Estate planning

Effective estate planning is about getting the right balance between maintaining access to your money when you need it and saving tax. This is because, in general, the more tax-efficient a solution is, the less access you have to your assets. Safeguarding you and your family’s financial future is very important, and giving too much away could put this at risk.

Estate planning, trust planning, tax planning and Will writing is not regulated by the Financial Conduct Authority.

Will Writing is not part of the Quilter Financial Planning offering and is offered in our own right. Quilter Financial Planning accept no responsibility for these aspects of our business.