A lot of clients come to me to find out how they can reduce their estate to avoid IHT and there is a simple short answer:
irrevocably give assets away (so that you no longer receive any benefit whatsoever) and survive for 7 years after you have given them away (or the value comes back into your estate).
Are you aware of whether your estate would be liable for Inheritance Tax (IHT) upon your passing? Do you have appropriate measures in place to safeguard the inheritance of your beneficiaries?
Join us for Practical steps to secure and protect your family’s wealth!
This is an in-person event being held at Cafe AB, at Arighi Bianchi, in Macclesfield.
The succession of the farm is often on the minds of those of whose farm has been in the family for many generations. Not only is it a wish that they would like the farm to continue within the family but also to provide an inheritance to any of their non farming children.