Wills, Trusts & Estates FAQs in Northampton

Inheritance Tax
How can individuals in Northampton minimise their IHT liability?
There are various ways in which an individual can minimise the inheritance tax which may need to be paid by their estate when they die. Some options include:
  • Making gifts during your lifetime;
  • Investing money in investments which may be exempt from inheritance tax;
  • Giving it away to charity to qualify for charity exemption on the gift;
  • Choosing the right beneficiaries to benefit from the right assets;
  • Creating a trust during your lifetime;
  • Spend it; and
  • Most importantly Make a Will to plan and manage who will receive your assets.

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