13th September 2022
Second Two Important Considerations That Should Be A Part Of Any Family Wealth Transfer Plan
Value of Estate: Another important factor to consider is the value of your estate. If you have a large estate, you may want to consider transferring wealth sooner rather than later to reduce Inheritance Tax liabilities. However, if your estate is small, you may not have to worry about Inheritance Tax and can afford to transfer wealth later in life.
Types of Assets: The types of assets involved in the transfer of wealth must also be considered. If the assets are liquid (for example, cash or investments), they can be transferred right away. However, if the assets are illiquid (such as real estate), the transfer may take longer.
Please contact us for more information on how we can help protect your future financial well-being and the options available to you.