Inheritance Tax
Inheritance Tax (IHT) used to be a burden for only the richest families but in recent years more and more people, who would not consider themselves particularly wealthy, are being dragged into the IHT net. Ever more complex legislation makes the need for advice in this area a necessity for those who wish to determine who will benefit from their wealth.
As well as helping you make sure you don’t run out of money in your lifetime Molyneux Financial Planning will help you to manage the tax efficient transition of wealth from one generation to the next. This may involve the use of trusts or just by giving you the confidence to pass on assets that you will not need in your lifetime before you die. Careful planning will mean that the Chancellor of the Exchequer does not become a beneficiary of your estate on your death.