Inheritance Tax is often described as a voluntary tax as there are many ways we can mitigate its impact. One instrument that is available to all, but often overlooked, is the Deed of Variation. Ed Froggatt discussed this option with his client, Peter, who went ahead and amended his fathers will in order to potentially save his estate up to £400,000 of inheritance tax on his death.
The Telegraph ran a feature on the advice, which can be accessed here.
If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.
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