Inheritance and estate planning
What is Inheritance and estate planning?
Inheritance and estate planning can help you make informed decisions about how your wealth and assets are managed and passed on to the people you care about. A well-considered plan can help protect your loved ones, address potential Inheritance Tax implications and give you greater confidence about how your estate will be handled in the future.
Explore our videos below to learn more about Inheritance Tax planning, gifting during your lifetime and using surplus income to pass wealth to your family.
When Should You Start Inheritance and Estate Planning?
Inheritance planning is about more than simply calculating a potential tax bill. It can also involve deciding how and when you want to pass wealth on and having important conversations with your family. This video explains why starting those conversations earlier can give you more time and more options when planning your estate.
Can Gifting Help With Inheritance Tax Planning?
Gifting assets during your lifetime can form part of a wider inheritance and estate planning strategy. This video explores some of the considerations around gifting wealth to loved ones and how gifts can fit into your plans for passing on your estate.
What Is Gifting From Surplus Income?
Regular gifts made from surplus income can provide a way to pass wealth to loved ones during your lifetime. This video explains the concept of gifting from surplus income and some of the important considerations when using it as part of your estate planning.
Lifetime Gifting Vs. Gifting in Will
Many people assume that leaving money in their Will is the simplest way to pass wealth on to their family. This video looks at why making gifts during your lifetime can sometimes be more effective, while also considering the tax implications and the importance of making sure you retain enough for your own future needs.
Inheritance Tax Nil Rate Band
The inheritance tax nil rate band determines how much of your estate can usually be passed on before inheritance tax becomes payable. This video explains how the allowance works and why understanding it is an important starting point when considering inheritance tax and estate planning.
