Pass on my Wealth - Inheritance Tax
Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who has sadly passed away.
We all want to make sure that the wealth that we have worked to create flows down the generations. However, what is less clear is the best way to achieve this.
You can give money away, but can you afford to and how will that affect your prospects in later life? We can help you assess this, to check if it is feasible and at what level you may gift.
You may rearrange your assets to minimise any IHT liability. We can advise you how best to apportion those assets and how to hold them in the most tax efficient manner.
You could consider creating a fund for your beneficiaries through life assurance, so they have the wherewithal to pay the tax bill. We can search the market for the best provider with the keenest rates. Our technical expertise would then ensure that the policy is held in an appropriate trust.
Trusts are very useful in protecting wealth and ensuring that who you want to benefit does so at the appropriate time. We can help you with choosing the appropriate type of trust, or trusts, and assist the trustees with appropriate investment strategies.
There are specific investments which can reduce your estate within a relatively short time but still leave you with access and control over them. We can guide you through which type and provider is the most appropriate for your needs and your attitude to investments.
Whatever your concerns may be, we have the experience and expertise to work with you and your other professional advisers, and to ensure the outcome you desire is achieved.
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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