Money Minder UK

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Safeguarding your wealth for future generations

In Brief: Safeguarding your wealth for future generations

Tuesday, 18 June 2019

When a loved on passes away the last thing that people consider is the impact that Inheritance Tax (IHT) can have should the worst happen. Unexpected life events and circumstances can potentially impact your finances yet there are there are legitimate ways to mitigate against IHT. Some ways in which you can moderate the IHT process are making a Will, give lifetime gifts, set up a trust, and give a portion to charity. Seeking professional financial advice could help you to manage your estate.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.