Kingsbridge Wills, Trusts & Estate planning
Don't die & let the taxman have everything
I went to see a lovely gentleman in his 90s to discuss his Lasting Powers of Attorney. Towards the end of our conversation, I asked him if there was anything else he wanted to talk about.
With Government Inheritance Receipts up by £400m to £1.75b in 2023 there is a strong risk than unless you take action; your legacy will be eroded as it passes down through the generations. Tax avoidance ( NOT evasion) is NOT the preserve of the Rich and Famous; but ‘everyday’ people like you who have worked and saved to create a nest egg for your family.
How? The magic word is TRUSTS. Simple to put in place and highly cost effective. Be a hero to your family and let them inherit the tax efficient way.