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A sizeable inheritance tax bill can be a serious complication at an already traumatic time.
Under current legislation HM Revenue and Customs will, upon your death, tax your beneficiaries the current inheritance tax rate of 40% on your estate, above the prevailing nil rate band. This could be the largest tax demand your beneficiaries may ever face.
This liability can be reduced or avoided altogether with the right advice and planning; we can recommend from a number of different trusts that can be used to help mitigate any potential inheritance tax liability.
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