Inheritance Tax Planning Solicitors

Inheritance planning solicitors specialise in wealth preservation and estate administration. It means reviewing your full estate (e.g., property, savings, investments, pensions, business or agricultural assets) and putting legally recognised structures in place (trusts, gifts, Will provisions) to make the most of the reliefs and allowances available to you, so less of your estate is lost to tax on death.

Yes. Inheritance tax planning uses reliefs, exemptions and allowances that Parliament has deliberately built into the tax system, it's entirely different from tax evasion. Our advice always stays within the rules, and we'll be clear with you about anything that carries risk.

Simple steps like using your £3,000 annual gift allowance don't need legal advice as this is completely tax free. But trusts, business and agricultural reliefs, and anything involving your family home need to be drafted correctly and coordinated with your Will and Power of Attorney. Get this wrong and you can lose the relief entirely, or create problems for your executors later.

As early as possible. Many of the most effective strategies like lifetime gifting, the seven-year rule and trust planning, only reduce your tax bill if you survive long enough after putting them in place. So, earlier planning generally gives you more options, not fewer and reduce the stress for your beneficiaries when they need to pay inheritance tax.

It all depends on the value of your assets and how many plans you need to put in place. We offer a free 30-minute initial consultation that allows you to understand what may be needed to reduce your IHT liability. If you'd like a full, written assessment of your estate and a tailored plan, our Inheritance Tax Planning Review is a fixed fee of £495+VAT.