|Passing On Wealth Tax Efficiently
inheritance tax liability has been relieved slightly through
the introduction of a transferable tax free allowance to the
surviving spouse, many people will still be caught with
total assets over the joint tax free threshold.
With the priority focus being on making sure that your needs
are met, both now and in the future, there are a number of
legitimate methods that you can utilise that will help minimise the
potential inheritance tax bill that your beneficiaries may
have to pay.
These can be simple or complex depending on what your
circumstances are and can include not tying up any of your wealth or
allowing beneficiaries access to the assets before they are
ready to handle them properly.