Passing your wealth to your family
Do you know what your current inheritance tax liability is?
Do you know what options are available to reduce it? Are the right steps already in place, or is this something you’ve been meaning to look into?
For most people, the answer is that they’re not sure, or they’ve assumed it doesn’t apply to them. With property values where they are, it affects more families than you’d think.
IHT planning takes time. That’s the main reason to start early.
The clients who come to us for inheritance tax planning tend to share a similar story. They’ve worked hard, paid off the mortgage, maybe sold a business or inherited something. Their estate has grown, and now a significant chunk of what they’ve built could go to HMRC rather than to their family.
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Initial consultation
How we work with you
Discovery
We meet to understand your situation, your current financial position, your goals, and your attitude to risk. We explain our services and how we charge. This stage is always at our expense.
Strategy
Once we have everything we need, we build your bespoke financial strategy report. This includes a lifetime cash flow model of your estate, a clear picture of your financial future, year by year.
Recommendations
We arrange a meeting to present our recommendations in detail. We treat every client as we would our own family, explaining everything in plain English.
Track
Once recommendations are in place, we set you up on your Personal Financial Folder (PFF) and/or Personal Financial Portal (PFP) so you can see your financial picture at any time.
Review
We meet regularly to review your plan, check you’re on track, and make adjustments as your life or circumstances change.
How we help you pass more of your wealth to your family
We start by understanding your full position, then build a plan that works now and adapts as legislation and your circumstances change.
Before we recommend anything, we need to understand where you stand.
Every client’s position is different. We look at the full estate: property, savings, investments, pensions, business interests. Any recent gifts, any expected inheritance, and what your intentions are. Some people want to reduce their IHT liability as far as possible. Others care more about staying flexible and keeping control while they’re alive. We build the plan around what matters to you.
Gifting, trusts, and certain investment structures all need years to work properly. The earlier you start, the more you can do. But even if you’re coming to this later, there’s almost always something worth doing.
Legislation in this area changes regularly. There have been significant updates in recent years that have affected many existing plans. One advisor who knows your situation means that when legislation changes, we contact you, explain what it means, and adjust the plan.
- Calculating your current inheritance tax position and projected liability
- Gifting strategies and annual gifting allowances
- Trusts, and whether they’re right for your circumstances
- Whole of life policies written in trust to cover an IHT liability
- Business Property Relief and Agricultural Property Relief where applicable
- Working alongside your solicitor and accountant so everything joins up
- Ongoing reviews as legislation and personal circumstances change
- A full inheritance tax calculation showing your current position and projected liability
- A recommendation report explaining what we’re putting in place and why
- Coordination with your solicitor and accountant where needed, so nothing falls through the gaps
- Ongoing reviews as legislation changes, so your plan stays current and continues to work
You'll work with one advisor. Who stays on top of the changes.
IHT legislation changes regularly. New rules affect existing plans. An advisor who already knows your full estate, your intentions, and your family’s situation can respond quickly when things shift, rather than you having to explain everything from scratch. At Chameleon, you work with the same person throughout. When the rules change, we’ll be in touch.
Contact us
Get in touch
Whether you have a specific goal in mind or just want to understand your options, we're happy to have a conversation. Get in touch and we'll arrange a free, no-obligation Discovery meeting at a time that suits you.
Reach out to us:
Address
Unit 5a Marsh Ml Vlg,Fleetwood Rd N,
Thornton-Cleveleys, FY5 4JZPhone
01253 532390