I’m in the process of making a WID with my family members. From my experience trusts have also become more popular with blended family’s where people tend to re marry later in life and have children from previous marriages etc xx
@The Whole Lot ah thanks! Your very right, I’ve been through the negative experiences of things not being done properly and hope to not have to experience it again 😊
What's the most tax efficient way to give shares to a charity? Would transfer of ownership to charity avoid any capital gain tax or is CGT unavoidable?
Great video thanks. How about building assets/funds in a limited company and adding the kids as shareholders in the company. The kids share could be increased over years.
Not as easy as that, unfortunately. Classic cars may qualify as ‘heritage property’ and be exempt but it’s a complex area. If this is likely to apply to you, get advice before death, if possible!
very good video Just a not in the subject of Care home fees is it still the case if you use Insurance Bonds for investment can avoid care fees because its an insurance contract
Very good general and practical guide. Last week I told a client to avoid a care home fee avoidance trust scheme and glad to see you agree!
Hate them with a passion!
Thanks for the video. Easy to follow and full of great information. I subscribed.
Great video Pete. Needed some of this advice for my uncle who's refusing to do a will . Thanks
Good luck with it, Jack!
I’m in the process of making a WID with my family members. From my experience trusts have also become more popular with blended family’s where people tend to re marry later in life and have children from previous marriages etc xx
Yep, that’s true. Still a complex area which requires proper legal advice.
@@MeaningfulMoney of course, just an observation
@The Whole Lot ah thanks! Your very right, I’ve been through the negative experiences of things not being done properly and hope to not have to experience it again 😊
What's the most tax efficient way to give shares to a charity? Would transfer of ownership to charity avoid any capital gain tax or is CGT unavoidable?
Great video thanks. How about building assets/funds in a limited company and adding the kids as shareholders in the company. The kids share could be increased over years.
Definitely an option for some folks. Arguably not a mainstream option though...
Thanks, Pete.
HiPete,am i right in saying that things like classic cars etc are exempt from inheritance tax as they are viewed as chattels?.
Not as easy as that, unfortunately. Classic cars may qualify as ‘heritage property’ and be exempt but it’s a complex area. If this is likely to apply to you, get advice before death, if possible!
Pete great video I have learnt a lot thank you
Cheers Stephen!
very good video Just a not in the subject of Care home fees is it still the case if you use Insurance Bonds for investment can avoid care fees because its an insurance contract
Yep, it is. Insurance bonds still may not be right for many people though - tread carefully!
Back ground music TOO loud