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Latest News

Protecting your assets

Understand how your hard earned assets could be at risk to various risks such as the divorce and bankruptcy of your beneficiaries. 

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20 May 2015
 

Lasting powers of attorney

Your bank accounts could be frozen in the event of an accident or long term illness. Your family could be left in extreme hardship regardles...

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18 May 2015
 

Creditors and bankruptcy

Understand how you can shelter your assets from your beneficiaries creditors.

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12 May 2015
 


Planning ahead

“Inheritance Tax is, broadly speaking, a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.” Roy Jenkins, Commons debate in 1986

Assets could potentially be gifted to beneficiaries before your death. This could prove extremely tax efficient in terms of Inheritance Tax, as assets gifted away are deemed fully outside of the donors estate 7 years after the gift is made.

However, rather than gifting assets absolutely, as this would mean that these assets will again be potentially at risk from divorce, creditors and long term care costs, as well as adding value to the recipients estate, it would be wise to also consider gifting with the aid of Discretionary Trusts.

Our strategy means that although you make a gift for the benefit of your children and grandchildren where appropriate, the asset need not enter their own estate protecting these assets from any possible claims on them in the future.