In this episode, Simon Garner discusses Inheritance Tax and Declarations of Trust.

Simon explains what Inheritance Tax is and who’s responsibility it is to pay it. He also describes how most estates don’t fall within the Inheritance Tax threshold because they can make use of certain exemptions and reliefs. 

Simon discusses the three main areas where clients reduce the amount of Inheritance Tax that may be due on their estates, including Wills, donating to charities and giving gifts.

In this podcast, Simon also discusses Declaration of Trusts. He describes the circumstances where they can be used and why clients might want to make one.