Estate and Inheritance Tax Planning Northampton

Thorough and strategic estate and inheritance tax (IHT) planning can provide much-needed reassurance and protection for your loved ones. Working with the professional inheritance tax accountants in Northampton at Elsby & Co allows you to put measures in place to reduce your tax burden and take advantage of the available IHT opportunities, so more of your wealth passes onto your beneficiaries.

Elsby & Co helps families across Northampton and the surrounding areas structure their inheritance tax affairs sensibly and keeps plans under review as rules, circumstances and needs change over time.

Book a free, no-obligation inheritance tax planning consultation today.

We can provide expert, tailored advice on a range of inheritance tax matters, including (but not limited to):

Will and estate reviews – We can ensure your Will is up to date and aligned with your wishes, beneficiaries and current tax rules. As a general rule of thumb, we recommend conducting a Will review every 5 years.
Use of tax exemptions and lower rates – Our estate and inheritance tax planning advisors can guide you on annual gift allowances, gifts out of surplus income, spouse and civil partner exemptions, and the residence nil-rate band where eligible.
Lifetime giving strategies – We can advise on lifetime gifting options, such as potentially exempt transfers (PETs), chargeable lifetime transfers (CLTs) and associated timing considerations.
Business and agricultural property reliefs – Our inheritance tax planning experts can provide bespoke guidance on qualification and structuring to preserve relief where appropriate.
Trusts – Our inheritance tax advisors can guide you on when (and when not) to use trusts. If you transfer assets into a trust, you give up control and ownership of them, but they do not count towards your inheritance tax bill.
Property and pensions – We will help you with all matters pertaining to coordinating your home, investment property and pension death benefits within your family plan.
Lasting Powers of Attorney (LPAs) – We can advise you on setting up an LPA, be it for health and welfare, or property and financial affairs. Our LPA advisors can offer valuable insights and support to put LPAs in place so appointed people can help if or when needed.

Practical, family-first advice – We define the right tax planning and saving strategies around you and your priorities and circumstances.
Aligned thinking – We can liaise with your solicitor or financial planner to keep everything aligned with your best interests.
Local and approachable – We have deep roots in Northampton and the surrounding area.
Proactive reviews – We check in regularly so your plan keeps pace with life events and legislation changes.

When should we start inheritance tax planning?: The earlier the better. Many strategies (especially lifetime gifting) rely on time to be effective.
Do I need to set up a trust?: Not always. Trusts are powerful, but by no means a must-have. We can advise you on whether it’s worth setting up a trust or not, based on your circumstances.
What records should I keep for gifts?: Keep a simple log of dates, amounts and purpose, plus evidence of your income/expenditure if using the “normal expenditure out of income” exemption.
Can you work with our existing independent financial advisor and solicitor?: Absolutely. We routinely collaborate with a mixture of other financial professionals to deliver a coherent plan tailored to you.