{"id":476,"date":"2023-07-24T16:39:42","date_gmt":"2023-07-24T16:39:42","guid":{"rendered":"https:\/\/www.sheilatarr.co.uk\/?page_id=476"},"modified":"2023-10-30T07:16:48","modified_gmt":"2023-10-30T07:16:48","slug":"estate-planning","status":"publish","type":"page","link":"https:\/\/www.sheilatarr.co.uk\/estate-planning\/","title":{"rendered":"Estate Planning"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"476\" class=\"elementor elementor-476\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51cc0a3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"51cc0a3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-95e7f57\" data-id=\"95e7f57\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6ee9549 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"6ee9549\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9fb049d\" data-id=\"9fb049d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-29490ee elementor-section-content-middle elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29490ee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-cb7a8af\" data-id=\"cb7a8af\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-abfe9e9 elementor-widget elementor-widget-heading\" data-id=\"abfe9e9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Estate Planning<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fca91d3 elementor-widget-mobile__width-initial elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"fca91d3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Helping individuals plan who will benefit from the legacy they leave behind.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0f68a6c\" data-id=\"0f68a6c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b3f51e elementor-icon-list--layout-inline elementor-align-right elementor-mobile-align-left elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"9b3f51e\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/elementor\/css\/custom-widget-icon-list.min.css?ver=1714150453\">\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sheilatarr.co.uk\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Home<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.sheilatarr.co.uk\/services\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">SERVICES<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">ESTATE PLANNING<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-306706b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"306706b\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0ac2a6f\" data-id=\"0ac2a6f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e216ad9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e216ad9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6e3d0a6\" data-id=\"6e3d0a6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0cfcd7a elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"0cfcd7a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Taking Care of Your Loved Ones<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93c1565 elementor-widget-divider--separator-type-pattern elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"93c1565\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-block-end:0;flex-grow:1;border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider--element-align-start .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-start .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-start .elementor-divider__element{margin-inline-start:0}.elementor-widget-divider--element-align-end .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-end .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-end .elementor-divider__element{margin-inline-end:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\" style=\"--divider-pattern-url: url(&quot;data:image\/svg+xml,%3Csvg xmlns=&#039;http:\/\/www.w3.org\/2000\/svg&#039; preserveAspectRatio=&#039;none&#039; overflow=&#039;visible&#039; height=&#039;100%&#039; viewBox=&#039;0 0 24 24&#039; fill=&#039;black&#039; stroke=&#039;none&#039;%3E%3Cpolygon points=&#039;9.4,2 24,2 14.6,21.6 0,21.6&#039;\/%3E%3C\/svg%3E&quot;);\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4787691 elementor-widget elementor-widget-text-editor\" data-id=\"4787691\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Estate planning is essentially a strategic approach to managing your finances for when you&#8217;re no longer around.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ed7d06 elementor-widget elementor-widget-text-editor\" data-id=\"2ed7d06\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>It involves ensuring your assets are distributed according to your wishes, while also minimising the amount of money you might have to pay in taxes.<\/p>\n<p>This is typically achieved through a will but there are other tools to factor into the equation such as trusts, insurance, donations and investments which can help. Ultimately, Estate Planning is all about securing your financial legacy even after you&#8217;re gone.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-21a6da6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"21a6da6\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f80722e\" data-id=\"f80722e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1aa3887 elementor-widget elementor-widget-image\" data-id=\"1aa3887\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image12.jpg\" class=\"attachment-full size-full wp-image-156\" alt=\"\" srcset=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image12.jpg 800w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image12-300x200.jpg 300w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image12-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-852dd02\" data-id=\"852dd02\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-030c7b3 elementor-widget elementor-widget-heading\" data-id=\"030c7b3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">inheritance tax<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5c0c8a elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d5c0c8a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is inheritance tax?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67edd84 elementor-widget elementor-widget-text-editor\" data-id=\"67edd84\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Inheritance tax is a tax on your wealth that is paid on your death, however it can also apply to some gifts that are made during your lifetime.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b2c733 elementor-widget elementor-widget-text-editor\" data-id=\"6b2c733\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Whilst inheritance tax (IHT) receipts had been steadily increasing year-on-year since 2009. However, HMRC reported that in 2019\/20 they saw the first drop in revenue in 10 years. According to HMRC, this fall is due to the introduction of the Residence Nil Rate Band (RNRB) in 2017\/18 which is now taking effect. The RNRB is discussed in further detail later in this article.<\/p><p>This total could still have been lower if more families had a plan in place. By not thinking about IHT planning, you are susceptible to a larger Inheritance tax bill, leaving less money behind for your loved ones.<\/p><p>Many people believe that inheritance tax only affects wealthy families, however, rising property prices have meant more of us are paying inheritance tax.<\/p><p><em>In the words of Benjamin Franklin, &#8211; \u201cin this world nothing can be said to be certain, except death and taxes\u201d.<\/em><\/p><p>Whilst inheritance tax is a tax on your wealth that is paid on your death\u00a0(IHT can also apply to some gifts that are made before someone dies), it doesn\u2019t have to be inevitable. Inheritance tax advice can help to reduce your tax liability and an\u00a0adviser\u00a0will be able to help you explore your options.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-390166b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"390166b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7aea8d\" data-id=\"f7aea8d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e5bdd25 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"e5bdd25\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is the inheritance tax limit? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b116274 elementor-widget elementor-widget-text-editor\" data-id=\"b116274\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Everyone has a \u00a3325,000\u00a0inheritance tax nil-rate band.\u00a0If you are married or in a civil partnership, you and your spouse have a combined nil-rate band of \u00a3650,000.\u00a0<\/p><p>From April 2017, an additional main residence nil-rate band was introduced. For the 2023\/24 tax year, the individual allowance remains at\u00a0\u00a3175,000. To qualify the individual\u2019s main residence must be passed down to a direct lineal descendant.<\/p><p>If a person\u2019s estate value exceeds \u00a32 million, the residence nil-rate band is reduced by \u00a31 for every \u00a32 over \u00a32 million. This means, anyone with an estate valued in excess of \u00a32.35 million will not be able to benefit from this additional main residence allowance.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74a6ee4 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"74a6ee4\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is a direct descendant?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-451f230 elementor-widget elementor-widget-text-editor\" data-id=\"451f230\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A child (including a step-child, adopted or foster child) of the deceased and their lineal descendants (their children\u2019s children and grandchildren) and the spouses\/civil partners of direct descendants (including their widow, widower or surviving civil partner).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af016b3 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"af016b3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Is your estate susceptible to IHT?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f273603 elementor-widget elementor-widget-text-editor\" data-id=\"f273603\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Here is an illustrative example to help you better understand how Inheritance Tax works.<\/p><p><strong>Example 1<\/strong><\/p><p>If your individual estate is valued at \u00a3950,000, assuming one nil rate band and no residence nil rate bands are available, an individual benefactor would pay an inheritance tax bill of \u00a3250,000 in 2023\/24.<\/p><p>\u2022 \u00a3950,000 \u2013 the nil-rate band (\u00a3325,000) = \u00a3625,000. <br \/>\u2022 \u00a3625,000 x 40% = \u00a3250,000.<\/p><p>The tax must normally be paid within six months of the end of the month in which the benefactor has died (There are some exceptions such as property, land etc).<\/p><p><strong>Example 2<\/strong><\/p><p>If your individual estate is valued at \u00a3950,000 and you are leaving your family home (valued at \u00a3175,000 or more) to a direct descendant, a benefactor with one nil rate band and one residence nil rate band available would pay an inheritance tax bill of \u00a3180,000 in 2023\/24.<\/p><p>\u2022 \u00a3950,000 \u2013 the nil rate band (\u00a3325,000) &#8211; the residence nil rate band (\u00a3175,000) = \u00a3450,000.<\/p><p>\u2022 \u00a3450,000 x 40% = \u00a3180,000<\/p><p><em>This is a simplified explanation with some situations being far more complicated. We recommend that you speak to an adviser for more details.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a120ce0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a120ce0\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2ca2e3d\" data-id=\"2ca2e3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ebf811d elementor-widget elementor-widget-heading\" data-id=\"ebf811d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WILLS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69439b5 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"69439b5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a Will?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f77c1b elementor-widget elementor-widget-text-editor\" data-id=\"5f77c1b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In simple terms, a Will is a document that outlines how you want your assets to be distributed and your affairs to be handled after your death.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c91183f elementor-widget elementor-widget-text-editor\" data-id=\"c91183f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>It\u2019s a legally enforceable document that needs to be written, signed and witnessed. It should name your beneficiaries and give details of how all of your possessions should be distributed. Furthermore, it should outline an executor (the person who will be in charge of distributing your assets).<\/p><p>Should you have any dependent children, your Will can also outline who would care for them if you should pass away while they are in your care. You can set out explicitly who gets what and allow your loved one&#8217;s access to your assets without too much difficulty. You can make plans to save money on\u00a0inheritance tax\u00a0too, through gifts and charitable donations. In addition, you can use your Will to specify your funeral arrangements.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ed061f6\" data-id=\"ed061f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f3e32c elementor-widget elementor-widget-image\" data-id=\"2f3e32c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image11.jpg\" class=\"attachment-full size-full wp-image-155\" alt=\"\" srcset=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image11.jpg 800w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image11-300x200.jpg 300w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image11-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e356788 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e356788\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20b9892\" data-id=\"20b9892\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e479964 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"e479964\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What happens when someone dies without a Will?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e5aa5b elementor-widget elementor-widget-text-editor\" data-id=\"1e5aa5b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If someone dies without a Will, they are said to have died \u2018intestate\u2019. As a result, their assets must be distributed in line with the intestacy rules, whether or not this is what they would have wanted. Remember, what the intestacy rules dictate might not be what you\u2019d choose. Meanwhile, if you have any dependent children, the court will name a guardian. Again, this person might not be who you\u2019d choose to care for your children after your death, which is why it\u2019s so important to create a Will.<\/p><p>Plus, when someone dies without a Will, they might not be taking full advantage of the inheritance tax spousal exemption. The exemption is in place when you pass your estate over to a spouse or civil partner \u2013 without making a Will, other relatives might be entitled to some of your assets, meaning that those legacies would not be exempt and should they exceed your nil rate band there could be inheritance tax payable.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18bb3fc elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"18bb3fc\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is a beneficiary in a Will?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71d216e elementor-widget elementor-widget-text-editor\" data-id=\"71d216e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A Beneficiary is somebody who is chosen by the deceased person \u2013 as set out in their Will \u2013 to receive an inheritance from their estate. In their Will, the deceased person will state their beneficiaries, and give details such as their home address for ease of contact. It\u2019s the executor\u2019s job to contact the Beneficiaries and notify them of what they are entitled to do, as per the deceased person\u2019s wishes.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-30ea04a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"30ea04a\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5e97478\" data-id=\"5e97478\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8090e5d elementor-widget elementor-widget-image\" data-id=\"8090e5d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image3.jpg\" class=\"attachment-full size-full wp-image-140\" alt=\"\" srcset=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image3.jpg 800w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image3-300x200.jpg 300w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/05\/Sheila-Tarr-Services-Image3-768x513.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1e57738\" data-id=\"1e57738\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d2e562 elementor-widget elementor-widget-heading\" data-id=\"8d2e562\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">GIFTING<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0933d93 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"0933d93\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Gifting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c464bd elementor-widget elementor-widget-text-editor\" data-id=\"6c464bd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>When you make a gift to another individual this is known as a Potentially Exempt Transfer (PET).\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7550b8 elementor-widget elementor-widget-text-editor\" data-id=\"a7550b8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There is no inheritance tax payable at the time of the gift, but it has potential consequences for your estate position for seven years after the gift. After seven years, no inheritance tax will be payable on the gift at all (there are certain circumstances where we need to look back 14 years).<\/p><p>There are a number of gifts to individuals that are totally exempt from inheritance tax:<\/p><ul><li>Annual Exemption \u2013 you can make an annual gift of up to \u00a33,000. If it is not used in a tax year, the balance can be carried forward to the next year but is lost if not used that year.<\/li><li>Small Gifts \u2013 gifts of up to \u00a3250 to any person (in any one tax year) are exempt. This cannot be used in conjunction with the annual exemption i.e. you cannot gift \u00a33,250.<\/li><li>Normal Expenditure \u2013 gifts are exempt if they are shown to be normal expenditure, paid out of income and don\u2019t affect your usual standard of living.<\/li><li>Gifts on Marriage\/Civil Partnership \u2013 exempt gifts include: \u00a35,000 given to a child, \u00a32,500 given to a grandchild or great-grandchild or \u00a31,000 given to anyone else.<\/li><\/ul><p>There are a number of other types of gift which are exempt, but those listed are the most commonly used.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e32b370 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e32b370\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2698552\" data-id=\"2698552\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ad9d77 elementor-widget elementor-widget-heading\" data-id=\"7ad9d77\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CHARITIES<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ebd748 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"1ebd748\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Charities<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4b8438 elementor-widget elementor-widget-text-editor\" data-id=\"a4b8438\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you leave something to charity in your will, then it won&#8217;t count towards the total taxable value of your estate.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c1b630 elementor-widget elementor-widget-text-editor\" data-id=\"3c1b630\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You can also cut the Inheritance Tax rate on the rest of your estate from 40% to 36%, if you leave at least 10% of your &#8216;net estate&#8217; to a charity.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-11106f1\" data-id=\"11106f1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30c6fa3 elementor-widget elementor-widget-image\" data-id=\"30c6fa3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Charities-Image.jpg\" class=\"attachment-full size-full wp-image-1080\" alt=\"Charities Image\" srcset=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Charities-Image.jpg 800w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Charities-Image-300x200.jpg 300w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Charities-Image-768x513.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-107128a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"107128a\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b5a4605\" data-id=\"b5a4605\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-99cf9cf elementor-widget elementor-widget-image\" data-id=\"99cf9cf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Whole-of-life-image.jpg\" class=\"attachment-full size-full wp-image-1082\" alt=\"Whole of life image\" srcset=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Whole-of-life-image.jpg 800w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Whole-of-life-image-300x200.jpg 300w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Whole-of-life-image-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-182b32a\" data-id=\"182b32a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0eb6251 elementor-widget elementor-widget-heading\" data-id=\"0eb6251\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WHole of life<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53beaa8 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"53beaa8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Whole of Life<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-190c888 elementor-widget elementor-widget-text-editor\" data-id=\"190c888\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You could consider taking out a Whole of Life insurance policy to address an inheritance tax issue.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32409ef elementor-widget elementor-widget-text-editor\" data-id=\"32409ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A whole of life policy, with a sum assured to match the expected tax charge on the estate is placed in trust to the beneficiaries of the estate. Upon death, the insurance policy will be paid out, providing funds for the beneficiaries to pay the inheritance tax charge.<\/p><p>Not all whole of life policies are the same and with most financial products it is best to take advice on what best suits your circumstances.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b1d4d42 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b1d4d42\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-675de35\" data-id=\"675de35\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f634044 elementor-widget elementor-widget-heading\" data-id=\"f634044\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TRUSTS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c433d6a elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"c433d6a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trusts Explained<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d29e61 elementor-widget elementor-widget-text-editor\" data-id=\"3d29e61\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Trusts are becoming a mainstream planning tool to help protect wealth but can be difficult to understand.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f9e69a elementor-widget elementor-widget-text-editor\" data-id=\"2f9e69a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are many reasons why you might use a trust and lots of types to choose from. Here we look at what a trust is, why you might create one and explain the different types to consider.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b9bbfb5\" data-id=\"b9bbfb5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25aacf6 elementor-widget elementor-widget-image\" data-id=\"25aacf6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Trusts-Image.jpg\" class=\"attachment-full size-full wp-image-1081\" alt=\"Trusts Image\" srcset=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Trusts-Image.jpg 800w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Trusts-Image-300x200.jpg 300w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Trusts-Image-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a8eb70d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a8eb70d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d4d9752\" data-id=\"d4d9752\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0f0186e elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"0f0186e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Why create a Trust? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-298d71e elementor-widget elementor-widget-text-editor\" data-id=\"298d71e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Trusts are created for a few reasons. Tax planning is a common driver by facilitating the gifting of an asset, other reasons include control, protection and flexibility.<\/p><p><strong>Control<\/strong><\/p><p>When transferring assets into Trust, the trust deed (or will) can set out who will benefit and in what proportion. In addition, if it is a lifetime trust, it is possible for a settlor to retain some control over the trust assets by appointing himself as a trustee which is not possible with an outright gift.<\/p><p><strong>Protection<\/strong><\/p><p>If you feel that an outright gift may not be spent in a sensible way, it is possible to hold money in a trust for a specified purpose, for example university fees. This enables the gift to be made for the benefit of the person without them having the ability to spend the money on something more frivolous.<\/p><p><strong>Flexibility<\/strong><\/p><p>Depending on the terms of the Trust, it may be possible to alter the beneficiaries depending on the need. <br \/>Note: For a trust to be effective for many of the tax advantages, it is important to give up any right to the asset transferred.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bee34b3 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"bee34b3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is a Trust? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42e48ba elementor-widget elementor-widget-text-editor\" data-id=\"42e48ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A trust is the formal transfer of assets to a small group of people known as Trustees to hold and safeguard for the benefit of others. There are three main parties involved within a trust:<\/p><ul><li>a settlor, the person who establishes the trust,<\/li><li>a trustee, the person entrusted to hold the assets for the beneficiaries<\/li><li>and the beneficiary, the person entitled to benefit from the trust.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a067e26 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"a067e26\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Who is a Trustee?  <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c33caed elementor-widget elementor-widget-text-editor\" data-id=\"c33caed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A trustee is a person who is entrusted to hold the assets for the beneficiaries. For practical reasons, there is usually more than one. They are the legal owner of assets and are appointed to administer the Trust for the benefit of third parties \u2013 known as beneficiaries.<\/p><p><strong>Who can be a Trustee?<\/strong><\/p><p>Anyone over the age of 18 can be a Trustee providing they have mental capacity. A Trustee has a statutory duty of care towards beneficiaries and must exercise reasonable care and skill. A trustee could be; the person making the gift \u2013 the settlor, a professional e.g. solicitor, family members or close family friends.<\/p><p>A professional such as a solicitor or accountant acting as a trustee will have a greater duty of care by virtue of their enhanced knowledge and expertise. It is unusual for a trustee to act alone due to complications that can arise should the appointed trustee become incapacitated or die. More commonly two or three Trustees will act together. <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-891e299 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"891e299\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Types of Trust<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d7c417 elementor-widget elementor-widget-text-editor\" data-id=\"6d7c417\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are many different types of trust. They can be used in a number of different ways and have both advantages and disadvantages.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b302bf0 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"b302bf0\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Benefits of a Trust<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f5cb3d elementor-widget elementor-widget-text-editor\" data-id=\"9f5cb3d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The main benefits are centred around a mixture of control, protection and flexibility.\u00a0Inheritance tax planning is also a common benefit of using a trust, but it&#8217;s important to note that an outright gift to an individual would achieve the same inheritance tax advantages.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d385e23 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d385e23\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Drawbacks of using a Trust<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a600e0c elementor-widget elementor-widget-text-editor\" data-id=\"a600e0c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>It is important to be aware of the additional complexities in respect to Trustees\u2019 duties, including being aware of the taxation applied to different types of Trust.\u00a0It can be extremely challenging to decide if a Trust is the best solution for you and which Trust is most suitable for your individual requirements.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-10c0900 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"10c0900\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-52b7b4c\" data-id=\"52b7b4c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc81977 elementor-widget elementor-widget-image\" data-id=\"fc81977\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Investments-for-Inheritance-Tax-Image.jpg\" class=\"attachment-full size-full wp-image-1083\" alt=\"Investments for Inheritance Tax Image\" srcset=\"https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Investments-for-Inheritance-Tax-Image.jpg 800w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Investments-for-Inheritance-Tax-Image-300x200.jpg 300w, https:\/\/www.sheilatarr.co.uk\/wp-content\/uploads\/2023\/10\/Investments-for-Inheritance-Tax-Image-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2ec7850\" data-id=\"2ec7850\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bf3fdd elementor-widget elementor-widget-heading\" data-id=\"3bf3fdd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investments<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9ddeb7 elementor-widget__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"a9ddeb7\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investments <br>(for inheritance tax planning)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce6918b elementor-widget elementor-widget-text-editor\" data-id=\"ce6918b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Some investments can come with inheritance tax benefits. This comes under Business Property Relief which was introduced in 1976 by the UK government as a way of incentivising people to invest in trading businesses.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4ea370 elementor-widget elementor-widget-text-editor\" data-id=\"e4ea370\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you invest in the shares of a trading company, your investment will benefit from 100% relief from inheritance tax providing you hold the shares for at least two years and still hold them when you pass away. The relief only applies to unlisted shares, or shares quoted on junior stock markets like the Alternative Investment Market (AIM).<\/p><p>Not all companies will qualify for Business Property Relief. In order for the relief to apply, a key requirement is that a company must be trading. There are investment vehicles that only invest in qualifying companies and using this option is one of the quickest ways in which to mitigate tax on your estate.<\/p><p>This option is deemed higher risk and as with all solutions mentioned above, we would recommend taking advice.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9edbe4c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9edbe4c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0819add elementor-invisible\" data-id=\"0819add\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8436302 elementor-widget elementor-widget-heading\" data-id=\"8436302\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Book your consultation to get clarity on your financial future.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be8d8c6 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"be8d8c6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Contact us for a free consultation. There&#8217;s no obligation on your part and, if we think we&#8217;re not the best people to help you, we\u2019ll tell you straight away.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5dcb9f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"c5dcb9f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/www.sheilatarr.co.uk\/contact\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Book your consultation<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Estate Planning Helping individuals plan who will benefit from the legacy they leave behind. Home SERVICES ESTATE PLANNING Taking Care of Your Loved Ones Estate planning is essentially a strategic approach to managing your finances for when you&#8217;re no longer around. It involves ensuring your assets are distributed according to your wishes, while also minimising&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"hide","_kad_post_layout":"fullwidth","_kad_post_sidebar_id":"","_kad_post_content_style":"unboxed","_kad_post_vertical_padding":"hide","_kad_post_feature":"hide","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Estate Planning - www.sheilatarr.co.uk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sheilatarr.co.uk\/estate-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estate Planning - www.sheilatarr.co.uk\" \/>\n<meta property=\"og:description\" content=\"Estate Planning Helping individuals plan who will benefit from the legacy they leave behind. 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