Or are you likely to fall into one of the common traps?
One of the biggest errors people make is when giving something away but continuing to benefit from it. For example, giving your home away to your children in your lifetime, but not paying a fair market rate to continue living there. Whilst your intentions were good, your home may not be exempt from IHT if you haven’t handled it properly.
Check out the very first episode of The Retirement Café Podcast to hear my interview with solicitor and Chartered Tax Adviser, Kurt Lee of Lester Aldridge. He’ll help you identify and avoid inheritance tax traps.