In this episode of The Finance Geeks, Warren Shute and Paul Cleworth unpack the often-overlooked world of inheritance tax planning. With IHT thresholds frozen and the value of estates rising, they explore the real impact this has on clients — and the critical role advisers play in helping reduce the burden.

From early-stage planning to knowing when to act, they emphasise that mitigating inheritance tax is less about clever tricks and more about being proactive, structured, and informed. The conversation dives into practical strategies, including lifetime gifting, the use of trusts, and the role of protection policies to cover IHT liabilities. Warren and Paul also reflect on the psychological side of estate planning: helping clients move from a “save everything” mindset to considering how and when to pass wealth on.

Their insights highlight the importance of tailoring the approach to each family’s needs, goals, and attitudes around money — not just the numbers on paper. Beyond the technical tips, the episode reinforces the importance of involving the next generation in financial conversations. Whether simplifying estates for ease of administration or making sure families understand the plan, Paul and Warren argue that clarity is the ultimate gift. With quotes, examples, and a bit of humour along the way, this is a valuable listen for anyone looking to make inheritance planning more effective and human.

==========================

Chapters: 0:00 - Intro

6:17 - Planning for Inheritance Tax - How to help clients reduce the bill

==========================

Follow us our our social media channels:

Instagram: https://www.instagram.com/thefinancegeekspodcast/

X: https://twitter.com/TheFinanceGeeks

YouTube: https://www.youtube.com/@thefinancegeeks

==========================

This show is designed to be informational only and does not constitute investment or financial advice. Please contact a regulated financial adviser before taking any specific action.

==========================