Planning a financial legacy can be a challenge without suitable independent financial advice; particularly with the cold threat of inheritance tax or care fees reducing the value of your estate. Robust planning can go a long way to mitigate or remove a potential liability to tax at death.
Glasgow Wealth can assist with understanding your potential exposure to Inheritance Tax (now and in the future) and what steps you can take to address this legitimately. Inheritance tax is calculated against your worldwide assets on death and so it is paramount that early planning is undertaken to ensure that your legacy arrives where you intend it to. Sometimes, very simple planning is all that is required in order to mitigate or eliminate a potential inheritance tax liability. We are also happy to collaborate with your other professional advisers – where you feel that this is warranted – as often synergies can arise from the overlap in skill-set.
Inter-generational tax planning is one of the headline services that Glasgow Wealth offer and one in which we excel. If you would like to know more about how we can ensure that your loved ones receive the legacy you would prefer they get, please call in to arrange a meeting with one of our advisers.
Related reading: Retirement & Pension Advice