"Inheritance Tax is a voluntary tax, paid by those who distrust their heirs more than they dislike the Inland Revenue!" - Lord Jenkins
Lucentum can start by gathering information on your current assets and liabilities and preparing an estimate of your inheritance tax exposure. We can then discuss ways in which this tax can be mitigated.
One of the most important elements of inheritance tax planning is, in most cases, your family. You need to draw up a will that ensures your family does not become embroiled in a long and drawn-out intestacy process.
Although you or anyone else can draw up a will, we would always recommend that you use a suitably qualified solicitor to prepare this document for you. They will not only make sure it is a valid will, but also ensure it is unlikely to be challenged in any way.
Lucentum are experienced in working alongside solicitors to ensure you take whatever steps are possible to mitigate tax liability, and that you include all of your estate.
We are also happy to help you with any family meetings to discuss and make sure everyone understands what is going to happen with your assets after you have gone. We can even assist in the probate process.
“It is better to live rich than to die rich.”
- Samuel Johnson