IHT - An issue for everyone
Benjamin Franklin once reportedly said '”In this world nothing can be said to be certain, except death and taxes.” While nothing can be done about the former, there are pro-active steps that you can take to reduce the Inheritance Tax (IHT) liability on your estate and make sure that as much of your wealth as possible passes to your chosen beneficiaries.
First Financial offers specialist advice on tax efficient estate planning. By setting up a variety of trusts, you can potentially reduce both income tax and IHT liabilities, and with our in-depth knowledge of trust taxation, we can help you to identify the most appropriate type of trust and investment opportunities within that trust for each individual.
For Trustees, who are now obliged by law to seek regular reviews of Trust investments, we offer advice on the balance of the portfolio, ensuring that performance is in line with the market, along with other tax planning issues. Equally, we offer advice to beneficiaries, explaining how their trust works and the exact nature of their entitlement from the trust.
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