Six things we can learn from the wealthy
The things we can learn from rich people When it comes to money, what better way to improve your financial literacy than to learn from the wealthy? Take a second and think of someone you really admire. Chances are that nine out of ten of us would have chosen someone successful and wealthy. The wealthy […]
Using trusts to reduce or avoid inheritance tax
Introduction: Using trusts to reduce or avoid inheritance tax When we talk about inheritance tax (IHT), trusts can be really helpful in reducing taxes and keeping wealth safe. This article will explore what trusts are, how they can help with inheritance tax, and why experts called financial advisers are important in managing these special money […]
Helping elderly relatives and you plan for the future (part 3)
In the previous 2 notes in this series we have discussed the basic assistance required help an elderly person manage their finances, plus a couple of different options to help pay for their care. Today I wanted to discuss more tax planning around inheritance tax. Last week the Government announced that revenues from inheritance tax […]
Helping elderly relatives and you plan for the future (part 2)
Caring for elderly relatives is a highly stressful time. As it happens to virtually all of us at some point in our lives, there are certain decisions you can make today to make life easier for both you and your relatives or parents. Previously we discussed the importance of making sure wills and powers of […]
Helping elderly relatives and you plan for the future (Part 1)
Watching someone you love get older can be a very difficult experience, but also one that we all will inevitably go through at some point in our lives. It certainly can have its challenges and sometimes thinking about the financial side is the last aspect anyone wants to discuss. In this series I’d like to […]
Inheritance tax solutions
Dear Adam, I am writing to you with regards to my Mother and the potential inheritance tax bill I believe we may end up with. My Mother is 87 years old, in good health but getting on a bit and we are considering a care home. She owns her 2 bed flat in Richmond worth […]
Think inheritance tax is only for the wealthy? Think again
Is inheritance tax only for the wealthy? When inheritance tax, formerly known as death duty, was originally introduced, it was intended to tax only the very wealthy. However, with the rise of house prices more and more ordinary people are finding themselves caught in the net. In fact, many ordinary people for whom the net […]
