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Glanvilles can provide expert advice on reducing the amount of inheritance tax (IHT) payable on your death. The first step is normally to review your Will and ensure it makes full use of available exemptions and your tax threshold or nil rate band.
The next step is to discuss with you to what extent you wish to make gifts during your lifetime or re-arrange your financial affairs. We can advise on the tax consequences of outright gifts, the use of trusts and the use of pensions. This will normally include a review of the inheritance tax, capital gains tax, income tax and stamp duty consequences. In appropriate cases, partners in Glanvilles are willing to act as trustees.