Keeping it in the Family – Protecting and Passing on your Family’s Wealth

Many parents are keen to pass on wealth that they have accumulated during their lifetimes, usually to children or grandchildren. Careful gifting and the potential use of trusts can ensure that inheritance tax (IHT) is not charged and that any money given will be used as intended. Each individual can give up to £325,000 free of inheritance tax, on death but…