Inheritance Tax (IHT) and Estate Planning
At TS Partners, we believe that understanding you and your loved ones is just as important as understanding your financial situation. That’s why our inheritance tax (IHT) and estate planning advice is tailored specifically to your unique circumstances.
Our experts are dedicated to helping you leave a meaningful legacy.
Understanding Inheritance Tax (IHT)
Inheritance Tax is a levy on your estate if its value exceeds £325,000, known as the nil rate band. The current IHT rate is 40%, typically applied to the portion of your estate passed on to beneficiaries other than your spouse or civil partner. Tax rates may vary based on individual situations and are subject to change.
What is Estate Planning?
Estate planning is the process of organising the transfer of your assets, both during your life and after your death, in alignment with your wishes and in the most tax-efficient way possible.
A significant part of estate planning involves managing your IHT liability. Early and effective planning can significantly reduce the financial impact of IHT on your estate.
How We Can Support You
Our estate planning advisers at TS Partners are here to help ensure that you have the financial resources you need for a comfortable life, while also preparing for the unexpected. We aim to empower you to make informed financial decisions with confidence.
Our team can assist you and your family with:
- Managing inheritance tax liabilities
- Maximising available tax allowances
- Estimating your potential IHT bill and estate value
- Determining how much you can afford to spend or give away
- Passing on your wealth to loved ones
- Making charitable contributions
- Setting up and managing trusts
Let us guide you through the complexities of estate planning, so you can focus on what matters most—your family and your future.