The executors of your Will need to pay any IHT before your assets can pass to your beneficiaries – which may prevent them from inheriting. Find out more about how you can legally mitigate your IHT liabilities.
Some clients have retired when they begin to plan for IHT. For some, this may be too late, as this raises the possibility of being taxed on gifts already made as they’re more likely to die within the seven year timeframe for tax-free gifting. Find out more in this article on the essentials of gifting.