Wealth succession planning can be complex and often falls at a time when you are also dealing with impending illness or retirement planning. Passing businesses, property and other assets to family or trusted colleagues can involve large sums of money, so it is crucial that everything is done ‘by the book’ to avoid dispute further down the line.
CRT will take the lead on inheritance and trust planning, defining any tax liabilities and working discreetly and sympathetically with all involved parties to establish a mutually agreed solution. We are able to become involved in aspects such as IHT and succession tax relief, transfer of gifts, family business advice and tax planning around Wills and legacies, investment portfolios and trust funds. We will also work with executors to help calculate IHT liability following a person’s death and during the subsequent probate period. Call us today for further details on our services in this area.