In this IIL financial planning webinar, Sarah Albury outlines how clients might pass wealth down or across the generations in a tax-efficient manner whilst highlighting some of the obstacles to doing so.

Description

Although tax, particularly inheritance tax, can prove to be a significant obstacle to the passing of wealth to others, it is possible through careful lifetime planning for clients to minimise the tax their estate will pay on death.

In addition to summarizing the available inheritance tax exemptions and reliefs, in this session, the speaker considers how trusts and family investment might offer a means of passing wealth to the next generation.

Learning Objectives

• To review the main inheritance tax exemptions and reliefs solicitors consider with their clients when discussing estate planning
• The use of trusts during lifetime and on death to minimise inheritance tax
• An overview of the use of family investment companies as a vehicle for inter-generational wealth transfer

Speakers

• Sarah Albury, Senior Associate, Mishcon de Reya LLP
• Chair: Victoria Seabrooke, Chartered Financial Planner, Lyndhurst Financial Management.