Our priority at Rutherford Hughes Ltd is client satisfaction and we will answer any questions that you may have to put your mind at rest so that you know we are highly competent Independent Financial Advisers and your finances will be safe with us. Check our FAQs below.
You can email any questions to us at contactus@rutherfordhughes.com or fill in our online form.
Only you, through your nominated bank account.
You can have it back, with no charge from us.
We will always have an adviser on hand to help during normal office hours. We offer a fully online service to both new and existing customers, as well as our usual face to face service.
We put it right for you.
We charge fees and therefore we are not influenced by commissions.
We never handle your money. Investments are in your name and are secure.
We are independent financial advisers and will only deal with the most appropriate provider for the client’s circumstances.
We get many questions about IHT tax and how to minimise HMRC’s take from an estate. Below are just a few.
How much can I give away?
That is very much based upon personal circumstances. It is important that the client takes care of their own future needs rather than being too generous.
Can I take out insurance to cover the bill?
Yes, but remember it is a cost rather than a saving and the policy must be written under trust to keep it out of the estate and to make sure the beneficiaries receive the money for the tax without the need for probate.
What are the advantages of using Business Relief over a trust?
As well as being able to obtain Inheritance Tax (IHT) relief up to five years faster than trusts, Business Relief also offers investors greater security, does not take away control from their estate, and provides plenty of flexibility to the client.
Can Business Relief be used with a Power of Attorney?
Yes, Business Relief investments allow the client and Power of Attorney to retain control of their capital and investments.
This is a distinct advantage over traditional IHT planning, such as gifts and trusts, which generally requires the agreement of the Court of Protection.
Does Inheritance Tax apply on a person’s property?
Yes, Inheritance Tax applies to a client’s estate. The assets which form part of an estate include any property or business, here and abroad.
Whether an individual’s property is applicable depends on who they leave the property to when they pass away, as well as the overall value of their estate.
We have great experience in IHT planning and would be delighted to answer any questions you may have. Please get in touch.
We are a firm of Independent Financial Advisers and Wealth Managers based in Newcastle upon Tyne and we have been helping our clients to meet their financial goals for over 30 years. We are experienced and easy to talk to, believing in establishing and maintaining long-term relationships, so we can assist our clients through every stage of their lives.
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