CASE STUDY
Here’s an example of a UK Domiciled Individual with Inheritance Tax Risk, and how we identified areas for protection planning
Depending on where you live, and where you are deemed Domicile, your world-wide estate may be subject to Inheritance Tax on death. Planning ahead can protect your estate and allow you to pass on as much as possible to your loved ones.
Here’s an example of a UK Domiciled Individual with Inheritance Tax Risk, and how we identified areas for protection planning
Moving away from the UK does not remove your estate from being treated for UK Inheritance Tax. The current Nil-Rate band is £325,000; so if your estate exceeds this value, the excess will be taxed at 40%
Take steps to understand the best way to structure your assets to protect your estate in the future
Remain in control of your estate until you are ready to pass your wealth on to your loved ones
It may be daunting to know what to do when you receive a lump-sum inheritance or gift; with banks offering next to no interest, you may be considering alternative options. Care must be taken to ensure any investment choices suit your timescales and risk profile
Schedule an Introductory Meeting to learn more about how I can help you to protect your wealth
