Proactive estate planning to minimise inheritance tax liability
Clients at NRLA partner, Cooper Associates Wealth Management came to them with a pressing concern. Under government legislation, their £800,000 pension, previously exempt from inheritance tax, will soon be included in their taxable estate. This change risked significantly increasing their Inheritance Tax (IHT) liability and reducing the amount they could pass on to their children. They needed a proactive plan to stay ahead of the rule changes and minimise the long-term impact on their estate.
