Archives for Financial Planning

What should I do with my inheritance?

Receiving money, property or valuable items by way of inheritance may not be a desirable way to acquire wealth but it can be life changing. What should you do with your inheritance? The answer to this question is easy but you may need advice to determine ‘how’ you achieve it. The answer to what you should do, is actually another question: What do you want to do with your inheritance? Do you want to keep it safe for future generations? Do you want to use it to supplement your income? Do you want it to replace your income? When you
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Categories: Financial Planning and Guides.

Reducing a Potential Inheritance Tax Bill

Legitimate ways in which the 40% tax can be avoided. With careful planning and professional financial advice, it is possible to take preventative action to either reduce your beneficiaries’ potential Inheritance Tax bill or mitigate it out altogether. 1. Make a will A vital element of effective estate planning is to make a will – unfortunately, a significant number of adults with children under 18 fail to do so. This is mainly due to apathy, but also a result of the fact that many of us are uncomfortable talking about issues surrounding our death. Making a will ensures your assets
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Categories: Financial Planning and Guides.