Inheritance tax planning

As the nation's wealth increases, driven largely by house prices and to some extent world stock markets, inheritance tax is becoming more of an issue for more and more people.

House prices have risen considerably in the last 5-10 years, across all of the country - almost without exception. Stock markets have enjoyed the longest bull-run in recent history, taking levels back up to the 2000/2001 market highs. During the Gulf War 2003, many global stock markets dropped by half, but have since recovered by almost 100%. This has significantly affected many clients' wealth, further complicating the inheritance tax issue.

The real winner in all of this is the Chancellor of the Exchequer, who continues to take a proportionally larger chunk of assets most want to pass on to their children.

Inheritance planning, by definition, is a confusing maze of options and alternatives, and this is where Web.fs can help. We take you through the thinking process in order to provide a plan that suits your needs and objectives.

The rules surrounding inheritance tax are ever-changing, and we continue to keep our clients informed of these developments, helping you to pass on as much of your wealth to your children or heirs, and not to the Exchequer.

This often involves working closely with other professional advisers and possibly your own solicitor to make sure there's a co-ordinated approach to these issues.