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FT Guide to Wealth Management by Jason Butler

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17

Wealth succession

Wealth succession is all about ensuring that the right people and/or causes receive the right amount of your surplus wealth, at the right time, in the most tax-efficient manner. It is not about giving away all your money to avoid inheritance tax (IHT), although that may well be a legitimate concern of yours. If you’ve done your strategic wealth planning properly then you should have a good idea of whether you have any surplus capital or income available in your lifetime. However, before you start thinking of giving any of your wealth away or nominating beneficiaries in your will, I suggest that you carefully consider what really matters to you and the impact that any gift might have on the recipient.

You might have concerns ...

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