Wealth & Inheritance Tax Planning

At Teacher Stern we understand the importance of preserving family wealth and providing for loved ones in the longer term. That understanding allows us to add greater value when working with individuals and families to help them preserve, develop and distribute their wealth during their lifetimes and after their death.

Inheritance tax is currently charged at 40% on the value of an estate’s assets in excess of the nil rate band – currently £325,000 at the time of writing (1 March 2015).  As such, careful tax planning is needed to ensure that an estate’s inheritance tax liabilities are kept to a minimum. Through the use of bespoke lifetime tax planning strategies and tailored estate plans, our private client team can help you mitigate potential inheritance tax liabilities and preserve your wealth for future generations.

The bespoke estate plans we prepare often employ the use of UK and/or international tax structures to assist UK and non-UK domiciled individuals and their families in managing and protecting their worldwide assets. In addition, for clients who are non-UK domiciled, we often employ simple offshore planning and structuring techniques to ensure they benefit from the significant mitigation of UK inheritance tax liability.

Our private client team has significant experience in advising international families and residents on estate planning matters including, in particular, clients from Scandinavia, Israel, the Middle East and the US. In providing this advice, and in putting related estate and tax planning structures in place, we work closely with our clients’ personal accountants and other independent advisors to ensure all matters are properly considered and co-ordinated.

Our aim is to provide a tailored package to meet our clients’ individual needs, that can adapt over time and take account of their changing circumstances.

Representative Wealth & Inheritance Tax Planning Work

Examples of our team’s wealth & inheritance tax planning work include:

  • Advised numerous non-domiciled clients on structuring UK and overseas assets to mitigate UK inheritance tax.
  • Advised clients relocating to the UK from overseas on inheritance tax planning and structuring.
  • Advised clients in relation to the creation of Business Property Relief Will Trusts and bespoke Insurance Bypass Trusts to mitigate UK inheritance tax for entrepreneurs.

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