Inheritance Tax, Trusts, & Estates

We have over 50 years of experience providing specialist inheritance tax and estate planning services, empowering our clients to create lasting legacies.

We don't just crunch numbers - we take the time to get to know you, your family, and your financial situation so that we can help you to minimise your liabilities and safeguard your asset. This means that you can safely pass down the maximum amount to the people, causes or organisations that you care about most.

Understanding Inheritance Tax

Inheritance Tax (often abbreviated to 'IHT') applies to estates valued over the nil rate band - which currently sits at £325,000. Any value passed down over this amount will be subject to a levy, typically paid by any beneficiary that is not a spouse or a civil partner.

What is Estate Planning?

Simply, estate planning involves distributing your assets to people, causes or charities in the most tax efficient way possible - both during your life and after your death.

Effective IHT management is inextricably interlinked with estate planning, as timely and efficient preparation of the former will assist with mitigating any liabilities that your estate may incur.

How are the rules changing under a Labour government, and what can I do?

It is widely speculated that inheritance tax reform may feature as part of Labour's upcoming budget. In anticipation of this, we see plenty of forward-thinking individuals looking to capitalise on the existing rates and thresholds while they can be fully aware of the current ramifications. If you have concerns about any changes in the amount of inheritance tax that you may be faced with, please get in touch and we'll be happy to walk you through your options.

Why Carleys?

We have over 50 years of experience providing specialist inheritance tax services, including:

• Inheritance Tax Planning
• Establishing and managing trusts
• Estate administration
• Power of attorneys

...and much more. We also offer completely free, no-obligation consultations, so if you'd like to hear about how we can help, then please get in touch to hear more about our services!