Inheritance Tax Planning Advice
Minimise Your Inheritance Tax Burden: Expert Inheritance Tax Planning in Leeds
Are you concerned about the impact of inheritance tax on your estate? At Lazenby’s Financial Services in Leeds, our experienced advisors provide personalised inheritance tax planning strategies to help you reduce your tax liability and maximise the legacy you leave behind.
NB: The Financial Conduct Authority does not regulate Inheritance Tax Planning.
Understanding Inheritance Tax
The Lazenby's Advantage
Experience & Expertise
With over 20 years of experience, our team leverages their extensive knowledge of inheritance tax laws and regulations to develop effective solutions.
Independent and Unbiased Advice
Free from product or company restrictions, we recommend the strategies that best suit your specific needs and goals.
Committed To Client Care
We prioritise your well-being and build long-term relationships based on trust and clear communication.
Essential Strategies for Inheritance Tax Planning
- Wills and Intestacy Rules: Having a properly drafted will ensures your wishes are followed and minimises the risk of your estate falling under intestacy rules, which may not be tax-efficient.
- Gifting Strategies: Utilising lifetime gifts to loved ones can be an effective way to reduce your estate's value and potentially lower your inheritance tax liability.
- Trusts for inheritance Tax Planning: Understanding the different types of trusts and how they can be used to benefit your beneficiaries while minimising tax implications.
A Family Run Business, With You For Life
As a family-run team, Lazenby’s understand the importance of a long-term, secure financial future. At Lazenby’s, we’re ‘with you for life’.
From the moment you get in touch with us, you’re in good hands. The initial meeting is a complimentary, no-obligation opportunity to discuss your needs. It is also a great opportunity to show you how we work and how we charge for our services.
Our friendly and professional financial advisors will join you on your journey of wealth management, helping you to provide for your family every step of the way.
From investment management to mortgage advice and pensions, the team utilise their knowledge and leading expertise to find the right financial solutions for you.
We have known Alan for some years, and have found his attitude to financial affairs to be one of true professionalism. As a result, he is able to give reasoned investment advice for his clients, and takes great pains to advise us properly, based on our needs, desires and knowledge. He is a caring and thoughtful person, who is very easy to get on with, and we trust him with implicitly with our investments. We feel very comfortable welcoming him into our home or by telephone to give us advice.
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Financial Planning FAQs
Inheritance Tax (IHT) is a tax levied on the estate (property, possessions, money) of someone who has died. There’s a threshold above which tax is due. Currently, the threshold is £325,000 for individuals and £650,000 for married couples or civil partnerships passing assets onto their direct descendants. Anything above this threshold is taxed at 40%, potentially reducing the amount your beneficiaries inherit.
Without planning, your estate could face a significant Inheritance Tax bill, potentially reducing the amount your beneficiaries inherit. This can cause financial hardship and even force them to sell assets to cover the tax.
The cost of Inheritance Tax planning varies depending on the complexity of your situation and the advisor you choose. Many financial advisors offer a free initial consultation to discuss your needs and explore suitable options.
