Inheritance tax and family trusts

IHT is chargeable on your estate if it exceeds the nil rate threshold. Planning can substantially reduce the amount of tax that will be payable.

Inheritance tax is based on the value of your estate when you die. Careful planning can reduce or even eliminate the amount of IHT you pay

You can set up a family trust to pass on your assets to your next of kin whilst you are still alive. This article takes you through the process.

Frequently asked questions about setting up trust funds for children and other members of your family, including how to set one up and tax issues