a Valid Will
The first and most important step in estate and IHT planning
is to make a valid Will. This can help make sure your estate is shared out to your friends and family as you'd wish
Inheritance Tax (IHT)
IHT is a tax which may have to be
paid on your estate when you die.
None of us like to think about our own death, yet careful estate planning is
one of the most thoughtful things we can do for our loved ones.
Making a Will and protecting against inheritance
tax can seem scary and confusing. It doesn't need to be that way. We can give you advice to make the right decisions for
Even though you may want to leave money, possessions, and perhaps even your home to your loved ones
they may have to pay an IHT bill before your estate is released. This could seriously affect your loved ones finances,
as they may need to raise money or possibly even take out a loan to pay the IHT bill.
Whole of Life Protection Plan
A Whole of Life Protection Plan, written in trust, could be used to help pay any IHT liability. When
written in Trust it could pay out a lump sum to your beneficiaries when you die and be available immediately to pay the IHT
The FCA does not
regulate trusts, will writing and some forms of estate planning and inheritance tax planning.
For Will writing, estate planning and inheritance tax planning we act
as introducers only.
Tax Planning, Virtue Financial acts as introducers only.
There are some other occasions where IHT may be payable such as when chargeable lifetime transfers are made, please contact
John Blackwood for further information.