Thinking about your estate and inheritance tax position is not always easy, but it is an important element in financial planning for all of us. To start, everyone should have a valid will so that your wishes are known and can be acted upon.
It is vital to understand what your objectives are and how best to achieve these objectives. Areas to cover include estate preservation and legacies for your children and grandchildren; minimising inheritance tax and the use of exemptions, gifts and transfers; business property relief; how to pass your pension benefits to loved ones; and charitable giving.
Everyone wants their beneficiaries to receive as much as possible from their estate, and the team at Oakwood can help shape a strategy for you, especially if you engage with us early.
We can also put you in touch with other professionals – solicitors for the writing of trust deeds, and protection specialists on how life assurance can cover a future inheritance tax liability.
