Estate Planning Service

UK property can be a great investment but with the historic rise in house prices, although this seems to have faltered in recent months, it is easy for your portfolio to become an inheritance tax (IHT) liability for your beneficiaries.

With our tax planning expertise, we can help reduce the IHT burden on your estate. Clients also say that the planning process of getting their affairs in order, also gives then peace of mind.

Under current legislation, a couple with an estate valued at £1,000,000 would gift the tax man £140,000. You may be happy to support the treasury, however many of our clients prefer their hard earned investments to be inherited by their children and families. At Ovation, we help you find ways to make sure you donate as little to the taxman as possible! It requires a little planning, but looking at the figures above, can you afford not to plan?

Inheritance tax rules and regulations are always changing. If you are unfamiliar with them they can be hard to get to grips with at the best of times. Many people come to us for inheritance tax planning advice because they are concerned that the value of the estate they intend to pass on to their beneficiaries will be substantially reduced by IHT. Tax planning can help cut the IHT burden and make sure you pay as little tax as possible. We can also advise you on the best way to make tax efficient gifts.

This can be as simple as proper will planning, or as complex as a sophisticated trust. Either way and at each step of the process we will ensure your understanding, and the implications of the proposed actions, are clear and well understood.

Our aim will be not to affect your current standard of living while preserving as much as possible for those you want the money to go to.