Distributing your wealth

Through careful estate planning, you can make sure your assets are appropriately distributed and your wishes met after your death, whether to your family or other beneficiary.

We explore various strategies with you to meet your particular wishes. You may consider gifting excess income to your heirs, use annual inheritance tax allowances and review your Will. It is important to consider how much capital you will need to keep full control over, and that which you may be willing to gift outright. You may wish to gift capital but retain the income from it, or you may be willing to gift away only the growth.

You should also consider whether you want to name exactly who is to benefit, or have the flexibility to change beneficiaries.

How we may help:

• Discounted Gift or Loan Trusts with investment bonds to begin to mitigate your Inheritance Tax (IHT) liability

• Whole life policies under trust to cover part or all of the IHT bill

• Specialist schemes using ‘Business Property Relief’ and EIS allowing you to own the assets and avoid IHT

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.