- Private Wealth
- Tax & Estate Planning
- Trusts
Shorter Reads
1 minute read
Published 9 October 2018
The fact that nearly seven million parents have given children an early inheritance shows that lifetime estate planning is not something which is restricted to the high-net worth and ultra-high net worth community.
Assisting children to get onto the property ladder and supporting grandchildren through education and university are two of the most common reasons for passing wealth down through the generations.
Independent financial and legal advice should be sought before carrying out any significant estate planning, however this research shows that it is a financial tool that is harnessed by millions and could surely be used by more than that.
https://www.ftadviser.com/retirement-income/2018/10/09/6-9-million-parents-gift-early-to-avoid-inheritance-tax-bill
The fact that nearly seven million parents have given children an early inheritance shows that lifetime estate planning is not something which is restricted to the high-net worth and ultra-high net worth community.
Assisting children to get onto the property ladder and supporting grandchildren through education and university are two of the most common reasons for passing wealth down through the generations.
Independent financial and legal advice should be sought before carrying out any significant estate planning, however this research shows that it is a financial tool that is harnessed by millions and could surely be used by more than that.
https://www.ftadviser.com/retirement-income/2018/10/09/6-9-million-parents-gift-early-to-avoid-inheritance-tax-bill
Need some more information? Make an enquiry below.
Subscribe
Please add your details and your areas of interest below
Article contributor
Senior Associate
Specialising in International trusts, tax & estate planning, UK trusts, tax & estate planning and US/UK Tax & estate planning
Enjoy reading our articles? why not subscribe to notifications so you’ll never miss one?
Subscribe to our articlesPlease note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.
Close