Gifting: Who should make the gift?

With continued scrutiny of inheritance tax (IHT) planning and the growing focus on intergenerational wealth transfer, gifting remains one of the most effective tools available to families seeking to mitigate future IHT liabilities. However, while the concept of gifting is well understood, determining who should make the gift within a family structure is often overlooked. For advisers working with high-net-worth and ultra-high-net-worth clients, identifying the most appropriate family member to make a gift can significantly influence the overall efficiency of an estate planning strategy, ...