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Dealing with the Death of a Settlor
Date: 13/04/2020 Type: Articles Topic: International |Author: Tara Hopwood - Summit Trust
Trusts are settled for many reasons but succession planning is usually featured at the top of this list. Many settlors like the idea of leaving a legacy, of leaving their accumulated wealth in safe hands and of doing what they can to minimise if not completely eliminate family disharmony after their passing.
Towards a radical overhaul of UK inheritance tax?
Date: 13/04/2020 Type: Articles Topic:Author: Edward Stone - Womble Bond Dickinson
Death and taxes may be the only certainties in this world, but exactly how tax is raised on death and on lifetime gifts is subject to tinkering and political debate. A new cross-party parliamentary report proposes radical changes to completely change, rather than just tinker around the edges, how inheritance tax would be charged in the UK and, if ever adopted, would have significant impact on your wealth and succession planning.
Ways of Protecting Family Wealth on Divorce
Date: 12/04/2020 Type: Articles Topic: Finances |Author: Abby Buckland - Kingsley Napley LLP
Parents are increasingly reluctant to provide financial assistance to their adult children because they are concerned that the money could be lost in a divorce. We are often approached by anxious parents who are keen to ensure that family wealth intended for their children and grandchildren won’t fall into the hands of their estranged son or daughter in law, should they later divorce.
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