A prime concern for the majority of clients is to reduce the amount of Inheritance Tax payable on their estates.

A well written will is still a staple of good IHT planning, but it is only the tip of the iceberg of techniques and structures that can be used to reduce the burden. Trusts remain of value where a degree of ongoing control is required by the donors and various special trusts allow them to continue to enjoy an income from the "gifted" assets when they cannot be given away absolutely.

The use of the well known annual allowances is important, although it can be virtually insignificant when compared to ensuring that business property relief is used correctly (for most people this does not involve owning your own company). Other powerful planning tools such as insurance and gifting from surplus income are all utilised to reduce the final tax payment.