Death planning guide: saving on inheritance tax

Death planning guide: saving on inheritance tax

Money Savings Expert Martin Lewis has compiled a checklist of 20 things you need to consider when planning for the financial well-being of your family (it’s on his website). The check-list includes tips on wills, inheritance tax, funerals and setting up power of attorney.  Our last post covered legal guardianship. This post covers what you need to know about inheritance tax planning.


When you die, the Government assesses the worth of your estate (everything you own) from cash and investments to property and business. If you don't do any planning for this, many can expect 40% of this to go in tax.

There are lots of ways to deal with this, including giving gifts at least seven years before you die, leaving cash to charity and more.

The key is to act early!

You can find out more from the Government's website or you can contact one of our Probate team. Our probate and estate team team includes; Stephen Whiskin (Partner), Phillip Povey, Jamie Robinson, Carolyn Armstrong, James Hadley (Head of Private Client) and Ann Turnbull. 

Estate Planning and Probate