Wills

Your Family Not The Taxman

Your Family Not The Taxman

Our latest blog series explores the complexities of Estate Planning in order to provide you with a concise overview of the fundamentals. Following our previous blog ‘Your Money not the Taxman’, we break the subject down further.

Your Money not the Taxman

Your Money not the Taxman

There’s a lot written about inheritance tax (IHT) planning and much of it is useful and reasonable. There are clever schemes that involve gifting money, investing in particular share classes that qualify for certain reliefs, complicated products from life companies, and a plethora of different trust arrangements available directly from Solicitors. However, although these schemes work, before you engage in them you should firstly consider more simple solutions, some of which I have set out below.