Inheritance Tax (IHT) can significantly reduce the amount your loved ones inherit. Without proper planning, your estate might be subject to a substantial tax bill. IHT planning helps you legally minimize the tax burden on your estate, ensuring that more of your assets go to your beneficiaries.
Effective IHT planning can involve gifting assets during your lifetime, setting up trusts, or using available exemptions and reliefs. By planning ahead, you can protect your wealth and provide for your family’s future.