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  • About Us
    • Our Team
    • Testimonials
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    • About Our Services & Privacy Statement
    • External Links
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  • Investments
    • Financial Planning
    • Investment Philosophy
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  • Cash Flow Modelling
  • Estate Planning
    • Inheritance Tax
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  • Protection
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Inheritance Tax

Home Estate PlanningInheritance Tax

Inheritance has often been described as a voluntary tax or worse still as a tax that is paid by people whose mistrust and loathing for their relatives is greater than that for the taxman!

Of course many estates have to suffer inheritance tax, but by making full use of certain exemptions and lifetime gifts, it is possible to reduce or remove this liability altogether.

If you don’t wish to give all your wealth away without retaining some control then the use of trusts might be appropriate. In spite of their apparent complexity and media speculation, trusts are inherently simple and will do one of three things:

Gift the capital and income
Gift the capital but retain the right to the income
Gift the income but retain the right to the capital

Each strategy will have a different outcome for inheritance tax purposes.

If you’d like to know a little more about Wealth Preservation, take a look at this well put together animation by Canada Life: Canada Life: Wealth Preservation Account. (This link is to an external site.)

Inheritance Tax Planning and Trust advice is not regulated by the Financial Conduct Authority

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