inheritance tax planning

How To Use Trusts In Inheritance Tax Planning

Linkilaw Record Keeping & Taxes

The Person Without Any Tax Planning Loses… Everyday Of The Week Trusts have been a popular way to manage property and assets since the times of the Romans, and are considered a crucial part of clever tax planning. Simply put, trusts are a way to separate the legal ownership and control of a property from its equitable ownership and its …

inheritance tax

7 Things To Know About Inheritance Tax

Linkilaw Company Law, Record Keeping & Taxes

7 Things To Know About Inheritance Tax As Benjamin Franklin once famously declared, ‘in this world, nothing can be said to be certain, except death and taxes’. If there’s one thing in the world that perfectly embodies Franklin’s statement, that is the inheritance tax. Formally speaking, inheritance tax is an impost on the estate of someone who has died. Under …

Wills And Second Spouses: What You Need To Know

Linkilaw Family Law, Legal Advice

Most people think that once they get a will legally drafted and written up, then everything they have stipulated in the will applies legally. However, most people don’t consider the ramifications a second spouse can have on a will and how those assets are passed onto children. [tweet_dis_img][/tweet_dis_img] The reality is that if you have a second spouse now and …