Insights

IHT receipts continue to rise. Before the tax year's end, take advantage of gifting allowances to reduce your estate and minimise future IHT liabilities. Advice is essential to ensure gifts are made and evidenced in the right way.

Many wealthy individuals avoid discussing finances, fearing family conflict, leading to inheritance misunderstandings. Generational differences and financial pressures, especially in regions like London, contribute to tensions. Open, honest conversations about money can reduce stress and prevent future disappointments.