Estate Planning

It often seems that the most offensive of taxes payable in the UK is the tax that is triggered on death. To pay tax on income may seem an acceptable if painful fact of life, but many feel to be taxed on what is left on death is just not on.

The good news is that Inheritance Tax can be described as an avoidable or partially avoidable tax with the right planning.

Our job at CWM is to ensure you volunteer to keep your wealth and pass your funds in tact to loved ones, family members or charities of your choice.

There are a number of techniques available to you. We will explain them in turn in a meeting. It will take about an hour which means we can do this without charge or obligation on your part.

You may have a strong preference as to how you plan to pass your assets tax effectively, or you may choose a blend of techniques. Either way, we will help you understand the benefits of each option and how they suit you best. We will then, keep things under review with you.

As an example, some of the techniques we may advise on include:

• Giving assets away early in life once not required - subject to certain rules
• Passing assets into trust to retain some control but not benefit
• Investing the money into trust to retain partial benefit and reduce tax liabilities
• Arrangement of life assurances to pay potential tax liabilities on death
• Using Business Property Relief legislation to reduce tax liabilities subject to certain rules and eligibility criteria
• Spend the money

We look forward to considering your options with you, and assessing the best way for you to structure your legacy.

To find out more, please contact Concierge Wealth Management
on 01903 681138 or email: enquiries@conciergewealth.co.uk