Inheritance & Estate Planning

Inheritance and estate planning covers the rules and considerations involved in managing assets during a person's lifetime and passing them on after death. For many individuals and families in the UK, understanding how estates are structured and how wealth may be transferred is an important part of long-term financial planning.

Inheritance tax rules, gifting regulations and estate planning arrangements can all affect how wealth is ultimately distributed. The UK inheritance tax system applies thresholds and allowances that determine whether and how much tax may be due on an estate.

Gifting money or assets during a lifetime is another important area, as gifts can interact with inheritance tax rules depending on when and how they are made. Pensions may also play a role in estate planning, as they are often treated differently from other assets for inheritance tax purposes.

In this section of TrustEvo Insights, we explore inheritance tax rules, estate planning considerations, gifting strategies and how wealth may be passed between generations.