NEWS
Preserving wealth for future generations is an important part of a comprehensive financial plan. Planning is one key element in achieving this goal. Passing on wealth you have worked hard to build is often complicated. But with careful planning, we can help you pass on money securely, and efficiently, to those you love and the causes you cherish.
Continue reading “Future generations”
Getting your affairs in order for when you pass away can bring real peace of mind as you get older. Failing to protect family wealth from Inheritance Tax could cost families thousands of pounds but there are various strategies and solutions to legally avoid or mitigate paying this tax.
Continue reading “Getting your affairs in order”
With careful planning it is possible to significantly reduce the need for your estate to pay Inheritance Tax. We spend a lifetime generating wealth and assets but not many of us ensure that it will be passed to the next generation – our children, grandchildren, nieces, nephews, and so on. Estate preservation planning is the transferring of wealth from one family generation to the next.
Continue reading “Intergenerational wealth transfer plans”
The introduction of the ‘residence nil-rate band’ (RNRB) has made it easier for some individuals to pass on the family home. The rise in property prices throughout the UK means that even those with modest assets may exceed the £325,000 ‘nil-rate band’ (NRB) for Inheritance Tax.
Continue reading “Inheritance Tax Residence Nil-Rate Band”
If not exempt, an outright gift falls into one of two categories, depending the type of gift and to whom it’s made. These categories are Potentially Exempt Transfers (PETs) and Chargeable Lifetime Transfers (CLTs).
Continue reading “Lifetime transfers”
Passing wealth through the family, for most, is an important part of their estate preservation planning process. Pension funds are typically free of Inheritance Tax provided the scheme trustees/administrator has discretion over the payment of death benefits.
Continue reading “Power of pensions”
A valid Will is an incredibly important part of estate preservation planning and will ensure that, should the worst happen, your assets, whether they be financial wealth or possessions, are distributed in an orderly fashion to the right beneficiaries.
Continue reading “Making a Will”
Thinking about death isn’t easy. Talking about it is even harder. The reality of our own mortality is a tough subject, but a discussion will ensure your assets are left to the right people.
Continue reading “Leaving your legacy behind”
You may want to consider putting some of your assets into a trust for a loved one. Trusts are a way of managing wealth, money, investments, land or property, for you, your family or anyone else you’d like to benefit.
Continue reading “Trusts”
When you put assets in a trust, they are under the control of an appointed person or persons called ‘trustees’. The trustees then manage the trust according to your instructions, even after your death.
Continue reading “UK Trust Register”
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2018 Homer & Co LLP. Homer & Co LLP is authorised and regulated by the Financial Conduct Authority no: 498583 and is bound by its rules. Homer & Co LLP is a Limited Liability Partnership.Registered in England and Wales Company No. 0C344040. Registered Office: The Robbins Building, Albert Street, Rugby. FCA Firm Number: 498583 Legal. The information contained in this website is subject to the UK regulatory regime and based on our understanding of UK taxation laws. It is therefore subject to change. The website is primarily targeted to UK residents aged 18 and over.