Tax Planning - Gavin Tank

Gift inter-vivos plans

This service is by referral.

The complex tax implications that appear following the gift of an asset to a loved one can be overwhelming, we can assist with bespoke life plans that are tailored to match precisely the amount of the potential inheritance tax due for the seven year period after the gift has been made. Designed to provide peace of mind to those you care about when making a significant gift from your estate during your lifetime.

Planning for the future can be complicated, especially when it comes to inheritance tax. Here at Gavin Tank London, we understand the complexities around estate planning and aim to provide information to help you make informed decisions as you navigate the complex process of protecting your legacy.

One option some consider is a gift inter vivos life insurance policy, which involves protecting the gift of an asset to a loved one during your lifetime. This can potentially help reduce the value of an estate for inheritance tax purposes and insure the gift during the years that follow. However, there are important factors to weigh up, such as the seven-year rule around taper relief. Our aim is to arm you with knowledge to make the right choice for your unique situation.

If you have questions around estate planning and inheritance tax, please do not hesitate to get in touch. With the right understanding, you can gain confidence that your assets will be distributed according to your wishes and protected during the transfer.

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Trusts

The fundamental importance of writing your life assurance policies in trust can often be overlooked, we ensure that your life assurance is correctly implemented from outset, using a host of different trusts to ensure your loved ones and beneficiaries can be compensated swiftly and often without probate, thus ensure the right money is in the right hands at the right time.

Preserving Your Legacy – Inheritance Tax Planning with Life Insurance and Trusts; Passing on your estate to loved ones should be simple. However, without proactive inheritance tax planning, your beneficiaries could face a substantial tax bill that jeopardises your legacy.

A life insurance policy from our Financial Advisor, written under an appropriate trust, can provide funds to cover any inheritance tax due on your estate. This allows your beneficiaries to retain more of your assets and honor your wishes.

Too often, we see families forced to sell a business or home to pay inheritance taxes. With the right solutions in place, this can be avoided. A life insurance policy under trust can provide liquidity to cover taxes while allowing beneficiaries to keep inherited assets intact.

As independent financial advisors, we understand the intricate legal and tax issues involved in estate planning. Our experts can advise you on using trusts and life insurance to mitigate inheritance tax in a way that is compliant with HMRC rules.

We realise these are sensitive topics dealing with the transfer of assets to your loved ones. Our Advisors will handle your situation with the utmost discretion and care. Contact us today to learn more about how life insurance and trusts can play a key role in protecting your legacy.

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Inheritance tax planning, estate planning, trusts, and tax planning are not regulated by the Financial Conduct Authority.

Tax treatment varies according to individual circumstances and is subject to change.