Planning for the Future with Inheritance Tax Planning

You want to make sure that your loved ones are looked after when you leave them. 

When you’re considering your Will you need to be aware of potential pitfalls that mean your assets could be depleted or your loved ones are left with an inheritance tax bill to pay. 

By talking to us about what you want to achieve, we can explore the best way of ensuring your affairs are organised and your assets protected to make sure that your estate does not have to pay any more tax than it is legally required to do.

Tax law is a minefield and it is vital that you do not put yourself in a position where you are being investigated by HMRC or are accused of committing a criminal offence. 

If your affairs are complicated, it is always best to seek advice on how to stay within the law.

You can have a Will drawn up that goes a long way to legitimately reduce what inheritance tax there will be to pay by:

  • Looking at tax-efficient arrangements, including Wills and Trusts designed to take account of, reduce or even avoid future liability to pay Inheritance Tax, Capital Gains Tax and Income Tax.
  • Setting up complex Wills structures to include Discretionary and Property Trusts.
  • Making lifetime gifts either to Trusts or individuals such as your spouse or civil partner.
  • Ensuring use is being made of your annual exemptions, especially by making regular gifts out of surplus income.
  • The use of retail products as tools for inheritance tax planning.
  • Asking us to work together with your Financial Advisers and Stockbrokers.
  • Allowing us to introduce you to Financial Advisers or Stockbrokers
  • Ensuring that your Financial Adviser is involved and considers other regulated options such as planning funding for Inheritance Tax through life insurance, purchasing discounted gift trusts, AIM (Alternative Investment Market) portfolios or perhaps equity release products to help reduce Inheritance Tax

The value of your family home has probably risen and fallen in recent years but overall property prices are higher than they have been for many years which means that more and more of us are now affected by Inheritance Tax. 

Our talented team will advice you on your options and make sure you only pay the tax that is legally due from you.

We also advise Personal Representatives and Trustees on their obligations, now even more onerous for Trustees following the changes introduced in legislation.

If you, or a loved one, would like some clear and concise legal advice on inheritance tax planning and how to stay below the inheritance tax threshold then call our team today.

Private Client

We’re here to protect the rights and best interests of you and your loved ones and we bring a friendly and caring approach to everything we do.

Southport Solicitors

Tel: 0170-454 2002

Fax: 0170-454 3144

11 St George's Place

Lord Street



Liverpool Solicitors

Tel: 0151-236 2233

Fax: 0170-454 3144

The Cotton Exchange Building

Bixteth Street


L3 9LQ