Broughtons Financial Planning Ltd - Independent Financial Advisers and Wealth Managers

Estate Planning and Trusts

With the rapid rise in property valuations, an increasing number of people will find themselves in a situation where inheritance tax will become payable on their estate.

Are you liable to Inheritance Tax?

The first £300,000 (2007/2008) of an individual's estate is not liable to inheritance tax. Unless transferred from spouse to spouse, anything in excess of this amount is taxed at 40%!

Having worked hard to acquire your wealth, it can be a sobering thought that without careful planning, HM Revenue & Customs could become the single largest beneficiary of your estate. The larger your estate, the higher the percentage lost.

Inheritance tax planning is something of a dilemma - none of us know for certain how long we will live or how much access to our capital we will require. Broughtons Financial Planning Limited can offer a range of solutions to minimise this "voluntary" tax. This will often involve the use of Trusts and/or the redrafting of your Will. We can liaise with your existing Solicitor or we can recommend one of the firms with whom we regularly conduct business and who have many years of experience in this important aspect of financial planning.

Taking advantage of qualified independent financial advice in this area could be the best gift you ever give to your intended beneficiaries of your estate.

(Note: Inheritance tax planning is not regulated by the Financial Services Authority)

"money: a businessman earns it, an economist learns it, a banker turns it, a politician burns it and a wise man spurns it."

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