Frequently asked questions about Wills, Trusts and Inheritance Tax
Below are some of the questions clients ask our team. Click on the questions to find out more.
Is making a will complicated and expensive?
What is inheritance tax and how can I reduce the amount payable on my estate?
Can I change my will, and how often should I review it?
What are the main tax benefits of setting up a trust?
For the majority of our trust clients, the main benefit of a trust is to reduce the amount of Inheritance Tax payable. If you have substantial assets whose value is above the Inheritance Tax threshold of £325,000, setting up a trust in your lifetime can substantially reduce your personal wealth, and therefore your exposure to inheritance tax.
If you would like to find out more about how a trust can be a part of inheritance tax planning, contact our team.
Who should I appoint as trustees?
How long should the trust last for?
What is the threshold for Inheritance Tax?
Are there any exemptions from Inheritance Tax?
Can I reduce my Inheritance Tax liability by giving family members their inheritance before I die?
My partner and I are not married - how can we reduce our inheritance tax liability?
In this Section:
How Wills & Trusts can
help with Inheritance Tax Planning
Email the team:
wealthandwelfare
@switalskis.com
