WBW Solicitors Inheritance Tax ("IHT") planning services have the expertise to advise you how best to structure and deal with your assets, both during your lifetime and after death (via your Will) to make the most of current tax saving possibilities and safeguard business and family assets for future generations.

A little preparation can go a long way towards reducing the tax liability your estate or your family may face. Tax planning should not be an afterthought. Whether we like it or not, IHT looks as though it is here to stay and the threshold for Inheritance Tax will not be increased until 2014/2015 at the earliest.

Our experienced specialist team also advises those in business and in farming. Our experience of negotiating with Her Majesty's Revenue and Customs (HMRC) has shown us that the HMRC's attitude towards Agricultural Property Relief is becoming restrictive. You can no longer assume that if you are a working farmer, your estate will escape Inheritance Tax on your death. It is important for you to take advice in good time so that your affairs are in order.

Tax planning can also be undertaken after a death through documents known as ‘deeds of variation’. If it is less than two years since the death of someone from whose estate you have benefited (either by Will or under the rules of intestacy if there was no Will) you may be able to vary your entitlement so as to deal with the estate of the deceased person in a more tax efficient manner.

WBW Solicitors aim is to provide an effective tax planning scheme tailored to your particular family and financial situation.