Overview

This session is designed to equip advisers with the knowledge and tools necessary to navigate the complexities of estate planning, from assessing the impact of Inheritance Tax (IHT) on estates to effectively engaging with clients about their estate planning needs.

In this webinar, we will delve into essential topics such as the significance of understanding client objectives, the nuances of asset class-specific planning, and the art of blending various estate planning solutions to meet individual client needs.

Whether you're looking to refine your approach to client conversations about IHT or seeking to deepen your expertise in estate planning strategies, this session promises to provide valuable perspectives and actionable insights.

DISCLAIMER: This webinar was filmed prior to the release of the 2024 Autumn Budget.  

The key changes to note are 100% Business Relief will continue to apply to the first £1m of qualifying business and agricultural assets (in addition to the current nil rate band worth up to £500k per individual) and, there after, IHT will apply at half the normal rate, effectively reducing to 20%. This change will apply to unlisted inheritance tax solutions and private businesses that otherwise meet the Business Relief conditions. For Business Relief qualifying companies listed on AIM, IHT will apply at the halved rate of 20% (irrespective of the size of investment).

Learning objectives for this webinar:

• Understand the current legislative context for estate planning.
• Appreciating the wide range of potential client aspirations in relation to intergenerational planning.
• Appreciating the wide range of potential client aspirations in relation to the main asset types.

Speakers

Tony Wickenden

Managing Director, Technical Connection

Matt Pitcher

Managing Partner, Altor Wealth

Nick Priest

Partner, Downing

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Opinions expressed represent the views of the author at the time of publication, are subject to change, and should not be interpreted as investment or tax advice.

Important notice: This webinar is for investment professionals only. This webinar is for information only and does not form part of a direct offer or invitation to purchase, subscribe for or dispose of securities and no reliance should be placed on it. No reliance should be made on this content to inform any investment of tax planning decision.

This content contains information that is believed to be accurate at the time of publication but is subject to change without notice. The explanation of all of the tax rules set out have been written in accordance with our understanding of the law and interpretation of it at the time of publication.

Whilst care has been taken in compiling this content, no representation or warranty, express or implied, is made by Downing as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified.

Please note: The explanation of the 2024 Autumn budget changes is in accordance with our understanding of the law and our interpretation of it at the time of publication. The proposed reforms we will discuss have not yet been drafted in legislation; and are subject to change.