Tax, Trust & Estate Planning
Tax, Trust & Estate planning are essential, complex aspects of wealth management.
Tax, Trusts & Estates, how can ADNFC Wealth Management help?
ADNFC Wealth Management provides expert, independent guidance to individuals & families on various financial matters, with Tax, Trust, and Estate Planning being among the most challenging to navigate and a key component of wealth management.
As Independent Financial Consultants, our specialists deliver exceptional service to simplify complex tax requirements, saving you time and money.
We advice on include:
– Tax and Estate Planning
– Trusts
Inheritance Tax
Want to know more about Inheritance Tax?
Inheritance Tax (IHT) in the UK is a tax applied to the estate of a person who has passed away, including their property, possessions, and money. The standard rate is 40%, but it is only charged on the part of the estate that exceeds the current threshold of £325,000, known as the nil-rate band.
However, there are exemptions and reliefs available, such as the additional residence nil-rate band, which may increase the threshold when passing a main home to direct descendants. Gifts given during a person’s lifetime may also be exempt if the individual survives for seven years after making them. Effective estate planning, including the use of trusts and careful asset distribution, can help reduce or even eliminate IHT liability, making it a key consideration in financial planning and wealth management in the UK.
ADNFC Wealth Management Individual Services
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