Estate Planning

17 Mar 2022

None of us want to spend time considering our mortality, and yet the decisions we make whilst alive will impact the amount and distribution of our estate once we have left this mortal coil.

For example, how many of the final years of your working lives will be spent creating the cash resources to pay your estate's IHT liability?

Initially, you may like to have a conversation with us to ascertain the benefits for you and your family of an estate planning exercise.

The sort of questions we should all be asking will include – but not be limited to:

  • How long do you think you will continue to work?
  • Do you realise that IHT is a 40% tax on your chargeable assets?
  • Do you realise that you have much more control over what happens than you might think?
  • What do you intend to do in retirement? How will that be funded?
  • What do you want to leave to your children?
  • Do you have a Will? What does it say? If it says “it all goes to my spouse” in most cases this will simply push any estate liabilities to a future date. Is that what you want?
  • Is your Will flexible enough to allow for changes in circumstances and attitudes amongst your family, for example, if one marries and has other obligations, or health issues?
  • How do you make sure that your assets get split properly if you don't expect some to be sold?
  • Have you advised your pension provider that beneficiaries should be you, your spouse and your children, usually in that order? In this way you may have made provision for a pension for them which doesn't create a IHT bill. It's a way of shifting assets down the blood line (if that's what you want), avoiding any blended family issues.

Legacy is an important issue. We can help you maximise the value of your endeavours, minimise any Inheritance Tax due, and ensure that your wishes regarding the distribution of your estate are observed.

Let's start that conversation. Call us now on 01753 888211 or email

If you would like help with any of our services contact us to speak to one of the team.

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