They wanted to ensure their estate would be passed on tax-efficiently, while retaining control during their lifetimes and protecting their children’s future inheritance.
We conducted a full assessment of their estate, covering property, investments, pensions and business assets. We explained their current and future IHT exposure, breaking down the thresholds, rates, and anticipated legislative changes. Our goal was to provide clarity and confidence, helping them understand both their risks and their opportunities.
We recommended a tailored combination of strategies to meet their goals:
Gifting: We helped them begin making use of their annual gift allowances to reduce the value of their estate over time.
Trusts: A family trust was established to hold certain assets, ensuring greater control and long-term tax efficiency.
Life Assurance: We arranged a whole of life insurance policy, written in trust, to help cover any future tax liabilities.
Business Relief: We advised on how their share of the family business could potentially qualify for Business Relief, further reducing exposure to IHT.
We explained each element of the plan in clear, straightforward terms. Using simple illustrations and visual aids, we made complex structures like trusts feel manageable and accessible.
With our guidance, the couple have already started gifting assets and have set up a trust to better manage their estate. This proactive approach has already reduced their projected tax liability, and they now feel confident that their estate will be handled according to their wishes.
