Tax and assets
Inheritance Tax: Preparation Questions
Information you may want to gather before asking a professional whether inheritance tax is relevant.
- Reading time
- 8 minutes
- Last updated
- Author
- WillWise Editorial Team
Why the full picture matters
Inheritance tax is a UK tax and its relevance depends on the estate, available reliefs, exemptions and the rules in force. WillWise does not calculate a potential tax bill.
Information to gather
Before speaking with a professional, it may help to prepare broad and current information about:
- property and how it is owned;
- savings, investments and valuable possessions;
- business or agricultural interests;
- trusts, lifetime gifts and overseas assets;
- significant liabilities; and
- pensions or life policies where relevant.
Avoid sending sensitive account credentials or unnecessary financial identifiers.
When to seek advice
A solicitor, tax adviser or other appropriately qualified professional can explain whether inheritance tax planning should form part of your discussion.
This guide is general information and is not tax or legal advice.
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