Wealthy families that want to manage estate planning themselves risk falling into a tax nightmare as the “cost of getting it wrong can be tragic”, delegates heard.
Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Women's Symposium 2025 today (22 April) Quilter Cheviot London sales director Helen Morrissey outlined the complex nature of tax reliefs and exemptions linked to generational wealth transfer and said it was essential to get advice or risk "the taxman becoming one of your beneficiaries". She said: "We live in a complex tax world. To pass things on efficiently you have to understand it. Inheritance tax (IHT) is one tax, but it comes with 95 reliefs and exemptions. "The cost of getting it wrong can be t...
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