This can be one of the easiest ways to save yourself some inheritance tax, and potentially avoid paying any at all – provided you seek the right advice and make proper arrangements.
Caroline Woodham
Partner, Private ClientCaroline is an exceptional innovative wills & trusts lawyer who will navigate through the most complex of estates to establish the most tax friendly and suitable solution to a client’s needs. She enjoys detailed inheritance tax calculations and tax mitigation advice and takes a meticulous approach to finding a legal solution. Combined with her personal nature, clients are well looked after knowing that she will consider their needs carefully to ensure no stone is left unturned in resolving a complicated situation be it regarding domicile, or property in various countries and jurisdictions.
Caroline has been STEP accredited since 2021 and continues to watch and adapt to our changing world having recently led our piece on digital assets where she advises on estates that contain assets such as crypto currency or bitcoin as well as advising executors of their rights and obligations when dealing with the digital platforms and assets of the deceased.
Services: Wills, Trusts, Probate, Court of Protection, Later Life Care
Hourly rate: £350p/h
Latest insights from Caroline
Facing serious illness, and a potentially shortened life expectancy, can bring your priorities into focus. For many, providing for loved ones is high on that priority list, as is mitigating the amount of inheritance tax payable when passing on your assets to those you care about. But, without the luxury of time, tax planning opportunities are more limited.