Milsted Langdon on why legacy planning begins with the tax position

Members Milsted Langdon have published a considered piece on the part Inheritance Tax plays in succession planning, a subject that rewards attention long before it becomes urgent.

The firm sets out how the way assets are held, the timing of gifts and the choice of beneficiaries can all shape the eventual liability, and points to the value of reviewing plans as circumstances and rules change, including the pension and business-relief changes now coming into force.

A steady, practical read for anyone thinking about what they leave behind, and a good reason to take professional advice early. The full article is on the Milsted Langdon website.