Estate planning is a critical aspect of securing your financial legacy for your loved ones. However, one potential hurdle in this journey is Inheritance Tax (IHT). In this article, we will explore the nuances of IHT and introduce you to Affinity Legacy Planning LLP’s Tax Advisory Service. With the right strategies and guidance, you can ensure that your hard-earned assets are preserved for generations to come.

Inheritance Tax, or IHT, is a tax levied on the value of an individual’s estate upon their death. This includes all assets, such as property, investments, money, and possessions. If an inheritance tax plan is not executed correctly, His Majesty’s Revenue and Customs (HMRC) could claim up to 40% of your estate’s value from your family.