More and more families are becoming subject to Inheritance Tax currently and it has become increasingly important to make plans for this eventuality in balance with your other financial priorities. Tony talks how you can reduce your families Inheritance Tax liability and how the current rules affect you.
KEY TAKEAWAYS
BEST MOMENTS
‘Effective estate preservation planning could save a family a potential inheritance tax bill amounting to hundreds of thousands of pounds.'
‘Unmarried partners, no matter how longstanding, have no automatic rights under the Inheritance Tax rule.'
‘In some circumstances Inheritance Tax can also become payable on the lifetime gifts themselves, although gifts made between 3 and 7 years before death could possibly qualify for rate relief which reduces the amount of Inheritance Tax payable.'
VALUABLE RESOURCES
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Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
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