Lycetts Financial Services

We Know Inheritance Tax Planning

Lycetts inheritance tax planning services help clients understand their inheritance tax liabilities and advises on the best solutions for asset protection and provision, via efficient estate transfers, trusts and exemptions.

A hotly debated topic in recent years, inheritance tax is currently payable at 40 per cent on taxable assets in excess of £325,000, although this will be increasing from April 2017 to 2020 up to £500,000 for those including principal private residence.

 

At Lycetts, we know that each estate is different, as are the values and intentions of each individual. This means that the scope, scale and timescales associated with the transfer of assets vary greatly and that each client’s position must be thoroughly assessed before agreeing a plan for minimising and insuring inheritance tax liabilities. The first step in this process is to establish the facts surrounding an estate by detailing current assets and calculating liabilities, while considering the role wills and trusts might play and assessing eligibility for exemptions.

 

Lycetts provides clients with an assessment of their current liability and provides independent expert advice on the provision and prevention of inheritance tax, where appropriate. Our independent financial advisors (IFAs) help in a variety of ways, for example: protecting an estate from liability, developing trusts as a vehicle for assets, assessing potentially exempt transfers (PETs) and chargeable lifetime transfers, investing in and retaining income from exempt schemes and assets, and leveraging business and agricultural property relief.

 

Once a strategy is in place, we keep all our clients aware of potentially significant changes in legislation and regulation and keep all plans under constant review to ensure they are meeting a clients requirements.

 

Contact us to begin discussing your inheritance tax planning options today.

Our Inheritance Tax Planning Products

Lycetts helps clients to protect their families against the financial pressures caused by...

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Lycetts advisers use detailed knowledge of inheritance tax relief and exemptions to help...

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Lycetts advises clients who want to distribute assets as gifts as part of their...

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It is not always appropriate to gift assets either directly to a beneficiary or into a Trust.

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With the right advice and application, trusts can help reduce inheritance tax liabilities...

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