The inheritance tax advantage of skipping a generation
If you unilaterally decide that your grandchildren are the most deserving of your largesse, you may cause disharmony in your own family.
Your bequest may inadvertently make your grandchildren better off than the parents who have just done without 18 years of holidays to pay for their education. To read more on why it might be fiscally best for those writing a will to pass it all on to their grandchildren, head to Spear's Wealth Management Magazine.
Related in brief posts
HMRC has launched a consultation on a review of the government's principles for taxing trusts. Fiona Poole examines the review in more detail.
In a bid for ever-increasing transparency, the UK government intends to continue the trend with the introduction of a further beneficial ownership register.
Eesha Arora and Sophie Wettern offer some ideas for navigating intergenerational conflicts in wealthy families