There are some people who like the idea of giving a big chunk of the money they have managed to save throughout their lives to the Government. Most of us, though, will think there are more worthy recipients of our savings after we no longer need them.
Perhaps in time, this general view will have an impact on government thinking and death duties will be scrapped, as they have been in many countries already.
Until then, it is wise to assume they will remain with us and sensible to consider any options which might reduce their impact.
However, there’s little point protecting your assets if it means you can’t enjoy them if you might want to. Treading carefully is much better than leaping in the deep end.
At Atkins Bland we focus on providing sensible, holistic advice, helping you mitigate Inheritance Tax (IHT) liabilities where practical to do so.
We recognise the importance of estate planning as well as the importance of enjoying resources yourself.
Unlike some, we do not treat the avoidance of IHT as the holy grail of financial planning or encourage our clients to tie themselves in knots with complex arrangements, high costs and potentially poor actual outcomes.