Importantly, before providing advice on inheritance tax planning, we’ll help you determine the level of wealth you’ll require to meet your own needs. This will ensure you can then gift with confidence and that you’ll have a clear understanding of what might be left over.
There are many approaches to giving money away. You may want to maintain control of your money for a period, consider the implications for different family members or want the money to be used for a particular purpose. Your personal views will inform the best route to take whether this be in the form of regular gifting, establishing a trust whilst you are alive, or protecting against an inheritance tax liability on your estate.
Whatever your objectives may be, we’ll develop a plan to help meet your requirements.