Are you putting the cart before the horse? Many people are keen to ensure they reduce their Estate’s future liability to Inheritance Tax planning by engaging in tax planning to reduce or mitigate their tax bill. The tax planning is a very important aspect, but it is just that – an aspect. In reality, it

The Main Problems with Having a Basic Will This blog explains all the problems involved in having a basic Will. If done properly, and you choose the right people, then the correct people will get the correct assets. However, there is no protection for the assets and this poses a big problem. If you pass

Disadvantages of Will Trusts This blog explains why everybody should have their Wills drawn up by a professional.  It will also cover why those people with higher levels of assets should consider having Trusts placed into their Wills.  However, there is an inherent problem with Will Trusts that this blog will explain so that you

8 Free Ways to Avoid Inheritance Tax This blog is all about what you can do to avoid Inheritance Tax without having to pay. SKI The first thing that you can do is SKI (Spending the Kid’s Inheritance). It is your money to choose to do what you want with it. Especially as you grow

Why Set up a Lifetime Trust? This blog explains why it is so beneficial to have a Lifetime Trust instead of a Will Trust. Why do Solicitors Usually recommend a Will Trust? Usually, a Will Trust is set up and created by a Will and is usually a Discretionary Trust. The benefit of this is

How Does the 7 Year Inheritance Tax Rule Work? This blog explains some of the complicated rules around Inheritance Tax, including Taper Relief and the seven-year rule. It’s very important that you understand these rules and how they work because if you get them wrong, it could cost you a lot of money. The Seven