We can build a succession plan based on your individual circumstances to make sure the allowances work best for you and with the right plan in place, you can have peace of mind of knowing that you have laid the firmest foundations for your family’s future.
Inheritance Tax affects thousands of families every year, but a few simple steps can be taken to prevent HMRC being one of the largest beneficiaries of your estate.
Family trusts can be useful as a way of reducing IHT, making provision for your children and spouse, and potentially protecting family businesses. Trusts enable the donor to control who benefits (the beneficiaries) and under what circumstances, sometimes long after the donor’s death.
Business Relief enables individuals to claim tax relief
on transfers of certain types of business and business assets. Business Relief solutions are important when considering IHT tax planning strategies. Before considering Business Relief Solutions, it’s important to understand any potential risks.
Through our subsidiary company, we regularly act
as independent professional trustees ranging from small trusts to complex trust arrangements. This means we can manage any potential conflicts of interest and spot and solve potential problems at an early stage.
Regular reviews are central to advising our clients, taking into account the ever-changing financial landscape, changes in legislation and changes to the family’s objectives.