Succession planning means different things to different people:
For individuals it means making sure their heirs receive what they want them to receive and that their inheritance tax bill is not too large and that they can afford to pay it;
To a business owner, it means making sure their co-directors or partners have enough cash available to be able buy from their spouse the share of the business they bequeathed to them.
Inheritance Tax is in many ways voluntary! Planning ahead, judicious use of Trusts and an awareness of your future income requirements can save your estate thousands of pounds. As Independent Financial Advisors we can identify the most cost effective and suitable arrangements for your particular circumstances.