Tag Archives: estate planning

What is a trust?

A trust is a method of managing assets, and are commonly used for estate planning, minimising tax payments. Find out more about how they work and why they’re a helpful too in an adviser’s toolbox.

What is estate planning?

Estate planning sets out how your assets will be distributed, who they will go to, and when. Without making an estate plan or a Will, the Intestacy rules will be used to decide what happens to your assets.

What is Inheritance Tax?

Inheritance tax is a tax on the estate of someone who’s died. The executors of your Will need to pay any IHT before your assets can pass to your beneficiaries – which may prevent them from inheriting.

How can you save Inheritance Tax (IHT) on your home?

Structuring your estate correctly can lead to big savings if you understand the complexities of inheritance tax Currently all individuals in the UK have a nil rate band of £325,000 each. This means that on death, if the value of your estate (all your cash, assets, investments and personal chattels) is less than £325,000 (or [...]

Using trusts to preserve wealth for future generations

Varied and versatile, your adviser may discuss trusts with you when making their recommendation. They’re a useful part of an adviser’s tool box – allowing you to set aside assets for specified beneficiaries. Find out more about how they can be used, and the controls you can set.

Ensuring that your legacy reaches the next generation

Whether we agree with it or not, most of us understand the concept of paying for our later life care. Most people are careful and do not want to pay more than necessary, although paying for your own care brings with it the choice of where and how you are cared for. Find out more in this article from our partners, The Will Writing Company.

4 essential rules of gifting

Some clients have retired when they begin to plan for IHT. For some, this may be too late, as this raises the possibility of being taxed on gifts already made as they’re more likely to die within the seven year timeframe for tax-free gifting. Find out more in this article on the essentials of gifting.

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