A step-by-step guide to tack­ling in­her­i­tance tax

Daily Mail - - Mail Finance -

1 Find out the value of your es­tate

Skip­ton of­fers a free tele­phone-based con­sul­ta­tion to help you cal­cu­late how much your es­tate might be worth, or there are tools on­line at www.mail­fi­nance.co.uk /in­her­i­tance tax

2 Con­sider who you want to ben­e­fit from your es­tate

Re­gard­less of whether you have an in­her­i­tance tax li­a­bil­ity, it is im­por­tant to think about your legacy and who you want to ben­e­fit from it.

3 Ex­plore your op­tions

There are many dif­fer­ent ways you can ad­dress an in­her­i­tance tax li­a­bil­ity. Fi­nan­cial ad­vice can help you to de­velop a plan that’s right for your cir­cum­stances.

4 Don’t wait too long

The sooner you ad­dress your li­a­bil­ity, the more op­tions there will po­ten­tially be avail­able.

5 Ask for help

Skip­ton’s ser­vice aims to help you de­velop greater peace of mind about your fu­ture, so you can feel con­fi­dent that your loved ones will be looked af­ter.

“In­her­i­tance tax is a legacy most peo­ple do not wish to leave be­hind, which is why seek­ing fi­nan­cial ad­vice could pro­vide you with greater peace of mind over your fam­ily’s fu­ture.” Mark But­ter­worth, Head of Tech­ni­cal Ser­vices, Skip­ton

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