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Inheritance Tax is a levy imposed on the estate of someone who has passed away, encompassing all property, money, and possessions. This tax has far-reaching implications for estate planning, often misunderstood by many.
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The task of managing Inheritance Tax returns in the UK often appears as a daunting hurdle, particularly during a period of grief. The perceived complexity and the bureaucratic intricacies associated with preparing and filing IHT returns can significantly amplify stress for families already coping with loss.
Estate planning in the UK presents a complex landscape, one where the strategic use of trusts plays a pivotal role in mitigating inheritance tax (IHT) liabilities. Trusts serve as a versatile tool, allowing individuals to manage and protect their assets with a keen eye on minimising potential IHT impacts.
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.