Inheritance tax and family trusts

IHT is chargeable on your estate if it exceeds the nil rate threshold. Planning can substantially reduce the amount of tax that will be payable.

Documents headed last will and testament and inheritance tax on a table next to a pair of glasses

Inheritance tax planning

Inheritance tax is based on the value of your estate when you die. Careful planning can reduce or even eliminate the amount of IHT you pay

Young woman hugging her grandma from behind whilst sat on a yellow chair

Family trusts

You can set up a family trust to pass on your assets to your next of kin whilst you are still alive. This article takes you through the process.