understanding inheritance tax
How you go about minimising your inheritance tax liability is a team effort between you and your professional advisor. IHT is charged on death, and while the value of many estates falls below the threshold at which IHT becomes payable, it makes sense to understand whether IHT is likely to apply to you.
Once you've done this, you can then establish what you can do to mitigate its impact, including the rules that apply to gifts.
You'll need to make decisions about your finances and the needs of your family as part of your overall approach to creating a long-term plan. NR Barton's partners and managers possess significant experience and expertise in helping clients manage their inheritance tax and can help you do the same.
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