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Grandparents
“It is true to say that recent Budgets have seemed to discourage the tax efficient transfer of wealth from one generation to another, but despite the difficulties, workable solutions still exist.”
Helen Starkie, Partner & Head of Wealth Management.
The financial burden on the young is now being met even more by the wealth of older generations. It is important that the arrangements in place work in a tax efficient and flexible manner.
Our team consists of solicitors, tax advisers and members of the Society of Trust and Estate Practitioners. The Legal 500 notes the team as “approachable, helpful and proactive”. Whether it is through lifetime giving or your Will, we can advise on the best way to pass on your wealth to the younger generations.
Our advice includes:
- the various types of lifetime gifts
- the creation of tax efficient trusts
- Wills
- gifts on marriage and out of surplus income
- the tax implications for everyone involved
Although we cannot advise on specific financial or insurance backed products, we can involve financial advisers where necessary, in order to offer a holistic service on gifting and the investment of the gifts and funding for school fees.