One of the principal concerns of clients as they grow older is being able to pass on wealth to the next generation instead of the tax man. Inheritance tax can be an issue for many families whose assets exceed the IHT allowance of £325,000 per person. There are ways of reducing the liability of one's estate to IHT but this is not an area of law where one size fits all.
Speak to us about your concerns and we will give you advice tailored to your requirements. For example some clients may want to gift sums of money to registered charities which are tax free or set up trusts to keep control of funds but allow the income to pass down to children or grandchildern.