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Estate planning
Inheritance tax is paid on the value of your estate when you die. Due to rising house prices, the potential impact of inheritance tax is becoming an increasing concern to people who wish to preserve the maximum value for their children or other beneficiaries.
We work with our clients to identify their potential inheritance tax liability and put in place solutions to minimise or remove this liability on death.
As independent financial advisers we have access to various insurance and investment related tax planning solutions that are not usually available to solicitors.
Where necessary we work closely with your existing legal advisers to establish trusts and other planning solutions that could minimise your inheritance tax bill. Alternatively we can introduce you to a local solicitor with the required expertise for this type of planning activity.
Our estate planning advisers hold an Advanced Taxation and Trusts qualification.
Do contact us on 01794 388594 or email fhb@chestergate.co.uk to set up an initial consultation with no cost or obligation.
Trustee investment
The Trustee Act 2000 has wide ranging implications for Trustees and Trusts in England and Wales. It became effective in England and Wales on 1st February 2001.
The main focus of this Act was to allow Trustees to invest in investments of any kind as if they were the absolute owners of the trust property.
Trustees have a number of duties in relation to the Trustee Act 2000:
- They must keep the investments under review and decide whether to vary them if required.
- They must seek professional advice before exercising any power of investment or when reviewing the investments of the Trust.
- The investment adviser must be considered to be properly qualified in such financial matters by both ability and practical experience.
- They must consider the need for appropriate diversification of investments.
- They must consider the suitability of the investment for the particular Trust.
We provide an advice service for Trustees to ensure they meet their Trustee Act obligations.
We offer a free initial meeting to discuss your financial objectives. After this first meeting we will draw up a detailed proposal for the provision of advice, implementation and review services.
To arrange your free initial consultation simply call us today on 01794 388594 or email fhb@chestergate.co.uk to set up an initial consultation with no cost or obligation.
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