Personal Inheritance Tax mitigation The preservation of wealth for future generations is an area which causes clients great concern. The dilemma between making gifts to reduce the tax liability on death, countered by the unknown requirement for future income and capital is the crux of the problem. It may well be possible to achieve both objectives by the use of specialist trusts and other sophisticated tax planning vehicles. EFG Ashby London are able to provide realistic and constructive advice backed by many years experience and technical expertise. Working closely with legal advisors the initial step may be to update Wills and maximise the allowable exemptions. A simple solution to eliminate the need for immediate gifting may be to arrange adequate life assurance cover written under an appropriate trust to provide the beneficiaries with at tax free lump sum towards settling the Inheritance Tax liability. At EFG Ashby London, we acknowledge that inheritance Tax Planning is one of the most personal and delicate area of financial planning.