Death and Inheritance Tax – Do it right!

Death happens to the best of us. It’s one of those unavoidable facts of life. But it’s also something for which we can plan.

Inheritance tax liability on the other hand, doesn’t have to befall us all. However, failure to exercise proper care during our lifetime can result in a very painful and costly situation for our beneficiaries, who may feel resentment, melancholy and a genuine feeling that they have missed out at the expense of another. This frustration is often vented towards HMRC, an organisation considered to be lacking any real empathy or compassion when it comes to sensitive family matters.

So, the question arises as to how we can we make changes now to reduce the amount of wealth lost for the next generation. One of my favourite quotes comes from a former Chancellor of the Exchequer, Roy Jenkins, who said, “Inheritance Tax is a voluntary le