Inheritance Tax and Estate Planning
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Inheritance Tax and Estate Planning by ABM
Inheritance tax (IHT) is a tax that is paid on the value of a person’s estate when they die. The estate includes all of the person’s assets, such as money, property, and investments. Estate planning is the process of planning how to pass on your assets in the most efficient way possible. This includes minimizing the amount of inheritance tax that will be paid on your estate.
ABM is professional and experienced in Corporate Taxation Service. We provide a customised inheritance tax and estate planning solution to help you protect more of your legacy heritage without endangering your financial stability.
We will assess your needs, from the relatively simple to the more complicated, and create ways to lower your inheritance tax payments while abiding by domestic and international estate planning rules as well as your own unique personal, family, and business requirements.
We will assess your estate, which consists of both personal and business assets, identify areas for tax savings, and work with you to make the most of the exemptions and gifts that are permitted by inheritance tax regulations, such as lifetime gifts, annual gifts, gifts to charities, and relief for agricultural and business property. We may provide guidance on numerous estate-planning options, including wills, trusts, and life insurance policies, which, when properly prepared, can help to significantly lower future inheritance tax payments.
ABM can provide guidance on how to transfer your assets in a more effective and tax-efficient way, regardless of the size of your estate. We would be delighted to examine your circumstances regarding inheritance tax, determine whether you are subject to it, and offer advice on how to lower it.
WHY Inheritance Tax and Estate Planning
If you are concerned about inheritance tax or if you want to ensure that your assets are passed on to your beneficiaries in the most efficient way possible, you should speak to a financial advisor or estate planning solicitor.
Features & Benefits
- Assisting with the steps required to create lifetime contributions, whether they come from money or income.
- Arranging for the creation of tax-effective wills that benefit the beneficiaries of your choice
- Ensuring effective use of the transferable nil rate bands and the spouse exemption
- Determining whether you are eligible for any exemptions or reliefs that are offered
- Aiding in the creation of trusts
- Coordinating and providing advice regarding trust reorganisation
How We Work
The good news is that we take care of everything for you; all you have to do is contact us, and we’ll take care of everything else. It might all seem overwhelming and challenging when it comes to issues with estates and inheritance tax.
We will initially extend an invitation to you for a free, no-obligation consultation so that we can better comprehend the nature of your firm. As an alternative, we can travel to you to save you time.
Taxation Services