Death itself can cause taxes and financial burdens to arise which, in many cases, could have been avoided.
Few taxes are as emotive or as controversial as inheritance tax. The protection of family wealth and effective inheritance tax planning should be considered by all but it is often overlooked as few of us want to consider our own mortality.
Sometimes simple steps will suffice but in the case of larger or more complex estates, inheritance tax planning can shelter specific assets.
You may be a wealthy individual, a family run business, or a shareholder in an SME. Whoever you are, you should consider long term tax planning, as well as short term.