The only certainty in life is death and taxes. In the case of Estate Planning, both of these need to be considered. We may not be able to eliminate the risk of death but we can help reduce the risk of inordinate taxes being levied on your loved ones.
Individuals should be considering tax efficient planning tools to protect their assets and their families now and into the future to ensure that the lowest rates of taxation arise.
The passing of wealth between generations in a tax efficient manner can only be achieved when proper planning has been put in place from the beginning. It is only natural that following many years of accumulation of wealth that any taxes that arise on the distribution of that wealth to the next generation should be minimised or, if possible eliminated.
We can provide advice in relation to the completion of Inheritance Tax and Gift Tax Returns, claiming all relevant reliefs and liaising with revenue in this regard.