Estate Planning
Inheritance Tax is often described as being a “voluntary tax” and Estate planning is something a lot of people prefer not to think about, but there are simple steps and planning that can be done to make sure your family and friends gain from your assets and ensure the Chancellor of the Exchequer is not the biggest beneficiary of your estate.
In some cases this can go hand in hand with ensuring that your retirement income is boosted, care home fees are taken care of and assets are passed to your chosen recipients as intended, whilst letting you keep control.
Most parents want to try and preserve as much of their capital as possible so that this can be passed onto the next generation. At Milestone Wealth Management we have extensive expertise in being able to work with you to ensure that the right planning is in place to ensure that any future tax liability is kept to a minimum.
Working in many cases in conjunction with legal professionals ensures that we can provide a bespoke solution for clients needs and we feel happy to recommend the following practices for this purpose.