We are pleased to present below all posts tagged with 'estate planning'. If you still can't find what you are looking for, try using the search box.
Inheritance Tax is a levy imposed on the estate of someone who has passed away, encompassing all property, money, and possessions. This tax has far-reaching implications for estate planning, often misunderstood by many.
Popular tags: Inheritance tax, iht, inheritance tax in the uk, estate planning, inheritance tax threshold, iht allowances, iht gift allowance, annual gifting allowance, gifts out of income, potentially exempt transfers, discretionary trusts, interest in possession trusts, trusts and estate planning, joint tenancy vs. tenancy in common, joint tenancy, tenancy in common, charitable donations, inheritance tax planning, independent financial advisers, asset management
Popular tags: inheritance tax loopholes, inheritance tax, inheritance tax threshold, estate planning, iht threshold, iht, iht allowances, annual gifting allowance, gifts out of income, potentially exempt transfers, discretionary trusts, interest in possession trusts, iht planning, joint tenancy vs tenancy in common, business continuity planning, independent financial advisers, inheritance tax in the uk
Despite the prevalence of cohabiting relationships in modern society, unmarried couples do not enjoy the same legal recognition and rights as their married counterparts. From a tax perspective, this lack of legal status can have significant implications, particularly concerning inheritance tax planning.
Popular tags: Tax planning, independent financial advisers, financial management, inheritance tax in the uk, inheritance tax, transferable nil rate band, inheritance tax for unmarried couples, calculating iht, inheritance and tax, inheritance tax for cohabiting couples, property rights for unmarried couples, estate planning, pension planning, inheritance tax threshold
Gifting is a multifaceted aspect of estate planning within the framework of inheritance tax (IHT) in the United Kingdom. It encompasses a diverse range of transactions, from straightforward cash gifts to the more intricate transfer of valuable assets.
Popular tags: Gifting and inheritance tax, potentially exempt transfers, annual exemption, inheritance tax gifts, seven year rule, gift tax and inheritance tax, gifting and tax, inheritance tax rules on gifts, gifts and inheritance tax uk, inheritance tax, inheritance tax planning, estate planning, financial planning
Successful and comprehensive IHT planning requires a deep understanding of tax laws, financial regulations, and individual circumstances. Yet, despite the availability of online resources and DIY financial planning tools, many individuals may find themselves ill-equipped to address the complexities of IHT effectively.
Popular tags: Financial planning, inheritance tax planning, iht planning, inheritance tax, estate planning, inheritance tax calculation, calculating inheritance tax, advice on inheritance tax planning, financial advisers, tax planning, independent financial advisers
Life insurance can serve as a financial buffer, providing the necessary funds to cover IHT bills directly. This is particularly advantageous as it circumvents the need for beneficiaries to potentially liquidate assets from the estate to pay taxes.
Popular tags: Inheritance tax planning, iht planning, life insurance and inheritance tax, life policies and inheritance tax, trusts and inheritance tax, whole of life insurance, life policies written in trust, life insurance for inheritance tax, whole life insurance, inheritance tax planning uk, estate planning, financial planning
The significance of IHT, coupled with the importance of early planning, cannot be overstated. By engaging in proactive measures, individuals can significantly reduce, or in some cases, completely avoid the IHT liability on their estates, ensuring that their assets are distributed according to their wishes and not consumed by taxes.
Popular tags: inheritance tax, estate planning, iht, what is inheritance tax, how is iht calculated, who has to pay inheritance tax, nil-rate band, residence nil-rate band, potentially exempt transfers, discretionary trusts, interest in possession trusts, bare trusts, writing life policies in trust, whole life policies, inheritance tax planning, independent financial adviser, inheritance tax England, calculating iht, how to avoid inheritance tax
Estate planning is a crucial process that ensures your assets are managed and distributed according to your wishes after you pass away. Central to this planning is the creation of a will, a legal document that speaks on your behalf when you're no longer able to.
Popular tags: Estate planning, importance of a will, creating a will, do I need a will, dying without a will, intestacy, granting of probate, trusts in estate planning, benefits of trusts, powers of attorney, financial planning, role of executors, independent financial adviser, intestacy rules
In recent years, the investment landscape has seen a significant shift towards sustainability and ethical considerations. One of the most prominent trends in this regard is ESG investing. But what exactly is ESG investing, and how can it be integrated into your investment portfolio?
Popular tags: ESG investing, ESG investment, wealth management, financial advisers, financial advisers UK, independent financial advisers, individual savings account, general investment account, investment bond, retirement planning, estate planning, financial planning, portfolio management
IFAs are financial professionals who offer personalised financial guidance tailored to your unique situation, free from the potential biases associated with advisers tied to specific financial institutions.
Popular tags: independent financial adviser, financial adviser, independent financial advisor advantages, financial planning, personal financial planning, what are the benefits of using a financial adviser, should you use an independent financial adviser, estate planning, inheritance tax planning, financial planning, mortgages, portfolio management, protection planning, retirement planning
Get the latest updates in your email box automatically.
Your nickname:
Email address:
Subscribe
Request AppointmentGet StartedWhatsapp Chat
Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.