At LG Embrey Financial Planning, I can offer advice and clearly explain the services to be provided to you. I will ensure that you will be kept up to date throughout the entire process. But first, I shall explain what Inheritance tax (IHT) is. Inheritance tax is the tax your beneficiaries may have to pay if your estate is above a certain size. You can leave up to £325,000 to your beneficiaries tax-free, this is known as the IHT nil-rate band. Everything above that threshold will be taxed, usually at the rate of 40 per cent. I will walk you through the process and find the best solution for you. It may seem daunting at first, but with my inheritance tax planning in Church Stretton, you can rest assured that your loved ones will receive the maximum inheritance possible.

Providing that you already have your will already set up, the named executor will be responsible for arranging the tax payment to HMRC. If you have not yet made a will, the administrator of your estate will do this instead. I will implement the recommendations for you. I am here to help you through the entire process, so feel free to ask any questions. The tax payment is usually made from the funds within the estate or from money raised by selling assets within the estate. After inheritance tax has been paid, the remaining value of the estate is distributed. I will provide you with a bespoke service to ensure you get the best inheritance tax planning in Church Stretton for you and your family.

Simply put, you get in contact with LG Embrey Financial Planning. I am dedicated to helping you to plan for your financial future. Inheritance tax planning in Church Stretton is a process I have had plenty of experience in over the years, I look forward to working with you. If you leave your entire estate to your spouse or civil partner, they won’t have to pay inheritance tax. There are also exempt beneficiaries, such as charities, who won’t be taxed on anything you leave to them. There are various ways you can reduce the size of your taxable estate during your lifetime, such as by making gifts, setting up trusts, charitable giving and other forms of planning. All of these options can be discussed with me. I take great pride in providing inheritance tax planning in Church Stretton.