Home » Inheritance Tax & Trusts

Highly rated by our clients on independent reviews website reviews.co.uk

Highly rated by our clients on independent reviews website reviews.co.uk

Highly rated by our clients on reviews.co.uk

Inheritance Tax & Trusts 

Do you want to make sure you don’t end up with an unnecessary inheritance tax bill?

Insurance providers | Black Lion Wealth

Inheritance Tax Planning Advice

Although inheritance tax planning may seem complicated, in reality, if you speak to the experts at Black Lion Wealth it won’t be.  You can stop worrying now.  You’re on the right page.

Black Lion Wealth has the skills and knowledge to help you minimise the money that the tax man will take from your estate when you die. Obviously, all our inheritance tax planning advice is legal.  What’s more, it could mean the difference between a robust pay out and cruel clear out or rather, what may seem like one.

Effectively, with the right advice, you will be able to protect or even maximise your loved ones’ future financial security – the safety net they deserve and need.

Death…and taxes.  Yes, they will both happen.

It goes without saying that none of us is planning to die any time soon.  We’re all living longer, healthier lives and long may it continue.

However, at the same time, what is equally true is that the only two things absolutely certain in life are death and taxes. You can’t swerve around these things.

Therefore, it’s well worth considering the right way to leave your hard-earned assets to those coming up after you when you are no longer here.

You can’t take it with you. But what can you do? Of course, there are some simple steps you can take. But stop right there – a word of caution at this point is essential. In our opinion, there’s a lot of confusing advice available, often given out by people who really should know better. But fret not.

At Black Lion Wealth, a team of highly experienced financial advisers will provide you with the right legal guidance and recommendations so you can make the most informed decision that suits your financial situation and requirements.

But what can you do?  Not only can we help you to manage your finances now and into retirement, but we can also offer you the right advice for you to leave a legacy to your family.

Of course, there are some simple steps you can take.  But stop right there.  In our opinion, there’s a lot of confusing advice available, often given out by people who really should know better.

We’ll make things simple, so get in touch for an inheritance tax trust consultation as soon as possible.

What is Inheritance Tax?

In essence, inheritance tax is the tax that is paid on your estate that includes property, money, and assets (after tax allowance deductions) when you die.

Your assets include:

  • Your property
  • Your business (if you own one)
  • Most stocks and shares
  • Life insurance policies not written into trusts
  • Jewellery
  • Vehicles

In short, everything.

The government will assess how much your estate is worth, then deduct your debts from this amount to measure its value.  Based on this value, the inheritance tax is typically calculated.

If you’re wondering how much inheritance tax your estate will incur, contact our team of financial experts for an inheritance tax trust consultation. They will evaluate your property and assets and provide you with an accurate amount. To get a general sense of the inheritance tax calculation and bands, read further.


How much inheritance tax will I pay?

There are a number of banded thresholds, similar to the tax structure you’re already familiar with in your working life. Broadly, in simple terms, anything over £325,000 excluding your “main residence” allowance (see below) will be taxed at 40%. There are some exceptions to this rule though: for instance, if you bequeath everything above the £325,000 threshold to a charity or say, a community amateur sports club, typically no inheritance tax will have to be paid.

Obviously, any estate valued at less than £325,000 will be in a nil-rate band, meaning it won’t incur any inheritance tax. However you are still required to report it to the HMRC.

The main residence concession

It gets a little more complicated. Sorry. Basically, there are new rules that offer parents or grandparents the ability to pass on a home worth up to £1million (£500,000 for singles) without any inheritance tax.

This leeway only applies to your main residence (not your holiday home or a second home). And, the person inheriting it has to be directly related, although that includes any children (adopted, foster, or step children) or grandchildren you may have.

OK.  With us so far?

Different tax years, tax allowances, your marital status and distinct property and asset values are now coming into play, so it’s definitely worth contacting us for an inheritance tax trust consultation.

Who pays inheritance tax?

In theory, everyone.  Inheritance tax is intended to benefit all of us, should you die a wealthy man or woman.  A leveller, of sorts.

However, if you’re in the armed forces, a firefighter, a paramedic, police officer, even a humanitarian aid worker, your family will not be liable for inheritance tax if you die in active service.

And being married?

If you’re married or in a civil partnership, your spouse could be exempt. In addition, if your estate is worth less than the threshold, the unused threshold can be added to your partner’s threshold upon your death. It effectively means that your partner could enjoy an inheritance tax threshold as high as £1 million.

But beware. If you’re not married but own joint assets (for example, your property), the situation could be more complicated. For an accurate evaluation of your situation, get in touch with us for an inheritance tax trust consultation.

Paying the bill

Your executor will be tasked with paying the inheritance tax bill.  Once paid, probate can enable the estate to pay out to your descendants.  


Free Initial Consultation

Call us on 0203 146 2259

Please correct the format of your telephone number.

If you are outside the UK please give us a call on 02031462259 or email us at info@blacklioninsurance.co.uk"

Please correct your email address.

If you are outside the UK please give us a call on 02031462259 or email us at info@blacklioninsurance.co.uk"

Important Information

The value of Investments is not guaranteed and can fall as well as rise and you may not retain the amount you originally invested.

If you drawdown too much Income or your investments underperform, you run the risk of running out of funds.

The Financial Conduct Authority do not regulate inheritance tax planning and trusts.

Both Black Lion Insurance & Black Lion Wealth are Trading Styles of PRG Protect Ltd

How can Black Lion Wealth help you?

If you have assets, then good financial advice is well worth the investment.

Furthermore, the advice we offer is particularly valuable to home owners with larger, more expensive properties or who live in areas which have seen a steady growth in house prices.

It is no exaggeration to say that with Black Lion Wealth, you could save literally thousands of pounds.

We’re here to help you make sense of it all. Above all, our goal is to educate and inform. Overall, we want you to make informed choices about what could be the most important decision of your life,  that is, what happens after your death.

Our team has the skills to offer you advice to protect your legacy.  How? By making sure that your money ends up with the people you most wish to inherit it, for the reasons you choose.

Here are just a few things to consider:


We can offer you advice on this important aspect of legally avoiding inheritance tax.  In summary, money given away to your loved ones will not be subject to tax, provided that you live for at least seven years further.

What’s more, if you decide to make large gifts, your beneficiaries could take out Life Insurance against a possible tax implication (see below).  Again, there’s “small print” and we can help you with this.


If you own property, land, investments or have money saved, a trust could be a good way of managing and protecting your assets.  With a trust, your beneficiaries can take advantage of your generosity while you’re still alive, as well as on your demise.

Passing on your pension

You may not be aware, but it’s perfectly possible (and legal) to do this.

Surprisingly, any monies that remain in your pension when you die do not form part of your estate.  Therefore, the funds don’t get added up when the government wields its money calculator – spells good news for your loved ones.

Even better, you may be able to reduce the size of your estate this way and pass on your pension, tax free. Again,  good news.

You see?  Inheritance planning and trusts don’t have to be stressful.

Why speak to us – Our client charter?

  • We love what we do, and more importantly, we are qualified to do it – we aim to provide a fully comprehensive service to all our clients.
  • We are confident that we will deliver a high-quality inheritance tax trust consultation service that will be amongst the best in the financial services industry
  • We continually strive to improve our personal development
  • We follow the principles of treating customers fairly set out by the Financial Conduct Authority
  • We treat our clients as we would like to be treated.

Inheritance Tax & Trusts

A calendar icon to represent when you can schedule a inheritance tax trusts consultation

An insurance policy to pay your inheritance tax bill

Ask the team here at Black Lion Wealth about inheritance tax planning.  We know about the right options.  Also, we offer insurance advice to enable your executor to cover a future inheritance tax.  Think about it.  It could make good sense.

For example, you may qualify for whole of life cover, which will pay out a lump sum on your death (rather than fixed term assurance).

Alternatively, refer to us about gifts inter vivos insurance, a structured decreasing term insurance policy which matches taper relief  (a gradually reducing amount of inheritance tax paid after a financial gift). 

Is it possible to avoid inheritance tax all together?

There are certain exemptions which are linked to business assets such as, agricultural property and woodland property. Additional examples of assets applicable for exemptions include AIM-listed stocks and heritage assets like buildings, objects, or land which are deemed to be of historic, artistic, or scientific importance.

Generally speaking, however, you can’t avoid inheritance tax completely.

An umbrella icon to represent the security of a inheritance tax trusts consultation

Your next step

Whatever your circumstances, age or status, it’s never too early to take advice. We would be happy to speak to you about the most effective ways to minimise your inheritance tax bill.

Next, think about getting some good financial advice.  If keeping your money in the family is important to you, contact us today to set up an inheritance tax trust consultation or to seek any other tax-related guidance.

What our clients are saying

Black Lion insurance were great in helping me get through the countless jargon and pitfalls when it comes to setting up insurance. I was thankfully recommended to them by a colleague and they made the process seamless ensuring I have the most appropriate policy for me

I’m an IT contractor and I wasn’t sure if I was eligible for this cover, however, to my delight, not only could I have the cover, but I could pay it through my Ltd company. I was covered within an hour of getting in contact. Very prompt and informative service!
Sanjay P

Polite and very clear when explaining my product of interest. Happy to answer any questions and recap on areas that I wanted to ensure I understood clearly before committing. Didn’t feel pressured or rushed at any point and the chap was very pleasant.
Donna Rudd

Get in touch

About Us

We are a dedicated team of financial advisers, with years of experience in guiding our clients to a solution that meets their specific needs. We specialise in helping both employed and self employed individuals, as well as business owners on a variety of solutions, which range from life insurance, income protection insurance, keyman insurance and shareholder protection insurance.

The guidance and/or information contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK

Black Lion Logo Inverse

Black Lion Insurance & Black Lion Wealth are a Trading Style of PRG Protect Ltd

PRG Protect Ltd: Registered in England & Wales, No. 08286239.  Registered Office: 51 The Parade, Cardiff, South Glamorgan, Wales, CF24 3AB