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"It does not do to dwell on dreams and forget to live."
J K Rowling

Inheritance tax advice & IHT planning

Are you worried about the amount of inheritance tax (IHT) your loved ones may have to pay when you pass away? Inheritance tax can be a significant burden on your beneficiaries, which is why it’s essential to seek professional advice to help mitigate its impact. 

At Sterling & Law, our IHT advisers can guide you through the planning process, helping you to reduce and legally avoid this levy. 

Let’s explore how our services can benefit you.

Looking for advice on inheritance tax?

For a free initial consultation with an experienced, professional adviser, call  020 3740 5856

inheritance tax

What does an inheritance tax adviser do?

Our IHT advisers are experts in their field and can provide bespoke advice to suit your individual circumstances. They can help you:

  • Understand the rules and regulations
  • Evaluate your estate and determine your potential tax liability
  • Identify suitable strategies to mitigate IHT
  • Develop a comprehensive plan
  • Review and update your plan regularly

By working with our experienced advisers, you can ensure that your estate is structured in the most tax-efficient way possible.

The inheritance tax planning process

Our IHT planning process involves the following steps:

  • Analysis of your estate and assets
  • Identification of potential IHT liabilities
  • Development of an appropriate IHT planning strategy
  • Implementation of the chosen strategy
  • Regular reviews and updates of your plan

By following this process, our advisers can help you to reduce and legally avoid IHT, protecting your wealth for future generations.

Looking for an IHT planning professional?

For a free initial consultation with a IHT planner, call  020 3740 5856

Why work with an IHT adviser?

Here are some of the benefits of working with one of Sterling & Law’s advisers:

  • Peace of mind knowing that your affairs are structured in the most tax-efficient way
  • Professional guidance and advice tailored to your unique circumstances
  • Access to a range of estate planning strategies and solutions
  • Regular reviews and updates to ensure your plan remains effective
  • Minimising the tax burden on your loved ones

Working with an IHT planner and adviser can provide you with professional guidance and access to a range of estate planning strategies. It can give you peace of mind knowing that your affairs are structured in the most tax-efficient way.

Mitigating tax & preserving your beneficiary’s inheritance 

There are many ways you can mitigate IHT, including:

  • Making use of your annual gift allowance
  • Creating a trust
  • Investing in assets that qualify for business relief or agricultural relief
  • Utilising life insurance policies
  • Making gifts to charity

Our advisers can help you determine which strategies are most suitable for your situation.

Need IHT advice? Schedule a free consultation

If you want to reduce and legally avoid IHT, our inheritance tax advisers can help. Contact us today to schedule a free consultation and discover how we can help you protect your wealth for future generations.

Download free guide to Inheritance Tax

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Contact us today

If you have a query for us, please fill in this short form. We aim to respond within a few hours. 

Your inheritance tax advisers

At Sterling & Law, we have a network of planners and advisers covering London, the Home Counties, and the south of England. 

Our team has extensive knowledge and experience of inheritance tax planning and can provide bespoke solutions to meet your specific needs.

Ealing, London
T: 0208 932 2211
Leicester
T: 020 3740 5856
Hampshire
T: 01329 550 190
M: 07511 777 827
Leicester
T: 020 3740 5856

FAQs

Inheritance Tax is a levy the UK government charge on the estate (property, money, and possessions) of someone who has died, above a certain threshold, and is paid by their beneficiaries. In the UK, inheritance tax is levied on estates over £325,000.

However there are different ethical and legal mechanisms you can utilise to reduce, mitigate and avoid IHT. We offer an insight into these, in the next FAQ.

There are several ways to avoid inheritance tax. These include gifting, setting up trusts, making use of exemptions, and investing in tax-efficient products. 

Furthermore, equity release, business property relief, and using life insurance are other ways to avoid, mitigate and reduce your IHT bill.

It’s recommended to seek professional advice before taking any action.

If you are looking for advice on inheritance tax, you can talk to one of our experienced advisers. Our inheritance tax advisers can provide guidance on strategies to minimise or manage inheritance tax liabilities.

Our inheritance tax advice service is comprehensive and our IHT advisers are experienced, diligent, and professional. 

We have a network of experienced advisers across London and the South of England. We cover London, Essex, Kent, Surrey, Hertfordshire, Bedfordshire, and Hampshire.

Furthermore, we have an adviser who operates across Leicestershire and Rutland. 

As a general rule, to avoid paying inheritance tax on your parent’s house, you can mitigate it by making sure the property is transferred to a trust or given as a gift at least 7 years before death. 

Please note, this isn’t financial advice. This is an example of how paying IHT on your parent’s house can be mitigated. 

The specifics of each situation are different so, we always recommend seeking the advice of an estate planner, IHT advice professional, solicitor, or experienced financial adviser.

IHT planning can help to reduce the tax bill for beneficiaries, protect family wealth, and ensure that assets are distributed according to your wishes. 

It can also provide peace of mind and financial security for your loved ones. The earlier you start the planning process the better. We cover this in the following FAQ.

It’s best to start the inheritance tax planning process as early as possible, ideally when making a will or setting up trusts. 

It’s never too early to start planning, as it allows for more time to explore different options and potentially reduce the tax burden on your estate.

That said, there are rules around avoiding IHT, so we always advise getting independent advice from a professional.

Inheritance tax planning involves strategies to minimise tax on your estate when you die. 

This includes utilising allowances, gifting assets, setting up trusts, and potentially using life insurance or equity release to mitigate this tax.

Our advisers will first understand your current position and offer advice on what needs to be done now. They will ascertain from an initial consultation if you are likely to have an issue in the future, and can put plans in place to review and deploy strategies when needed. 

They will work with you over the long term to ensure your estate and your beneficiaries’ inheritance receive optimal protection. 

All of our IHT advisers offer a free initial consultation. You can approach this in two ways. 

Firstly, if you have some general questions, you may find the answers in this FAQ section. If not, one of our financial advisers can provide general advice.

Considering the various mechanisms that can be used to mitigate this tax, if are nearing or have reached the threshold, you and your beneficiaries will benefit most from actively discussing our services.

Gifting your house can be a way to avoid inheritance tax, however, there are many considerations. 

 There are rules around gifting and you may need to pay additional taxes or face other issues. It’s important to speak with an experienced financial adviser, IHT planner, or estate planning professional.

As mentioned in the previous FAQ, the earlier you start the planning process, the better.

Placing your house in a trust can help reduce inheritance tax liability, but it’s not a guaranteed way to avoid it. You should seek advice from a financial or legal professional to understand the implications and ensure that it aligns with your financial goals and circumstances.

If you feel you need advice now, talk to one of Sterling & Law’s local, experienced advisers today.

Contact Sterling and Law

If you have a query for us, please fill in this short form. We aim to respond within a few hours.

Please see a selection of recent reviews and testimonials our financial advisers have received

5/5
From the word go my adviser was both professional, knowledgeable and quickly understood my particular situation, what I wanted to do and why I wanted to do it. He always responded quickly to the many questions I had, and given the nature of some of those questions he showed a great deal of patience. His advice always had my best interest at their core.
RL - Kent
5/5
My adviser is very easy to get on with, entirely reliable, friendly, seriously knowledgeable and helpful, often going the extra mile and taking as much time as I need.
BR - Gillingham
5/5
My adviser is very knowledgeable in the areas of investments and pensions. I found her very thorough and look forward to an ongoing relationship.
AJ - Dartford
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