Inheritance Tax is payable at 40 percent on taxable assets in excess of the nil rate band of £325,000 (2011-12). Lycetts will provide an assessment of the current liability and put forward recommendations for reducing this including:

• Full discussions with clients and other advisers
• Providing for inheritance tax through life assurance
• Whole of Life Assurance,Death by Accident Insurance, Level Term Assurance and Gift Inter Vivos
• Protecting inheritance from taxation
• The use of trusts (Discounted Gift Trusts (DGT's), Loan Trusts, Gift Trusts, Discrestionary Trusts, Will Trusts, Bare / Absolute Trusts etc)
• Making provision for the potential liability
• Potentially Exempt Transfers (PETs)
• Chargeable Lifetime Transfers (CLTs)

Require more information? email info@lycetts.co.uk