For high-net-worth individuals, the prospect of significant Inheritance Tax (IHT) liabilities upon their passing can be a significant concern. Fortunately, there are strategies to mitigate this tax burden, and charitable giving is a prominent and impactful method. This article will explore how charitable donations can effectively reduce probate taxes for large estates. Please click here […]
Interest in possession trusts are a popular estate planning tool, allowing individuals to provide beneficiaries with income or the right to enjoy assets while preserving the trust’s capital for future generations. While these trusts are typically intended to last for a specific duration, such as the lifetime of the life tenant, situations may arise where […]
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