A step-by-step guide to tackling inheritance tax
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