A recent article in Investors Chronicle points out that if you haven’t made plans for your investments after you die, your wealth could waste away through poor decision making and corrosive tax.
The article suggests 5 ways to minimise inheritance tax:
- Give all your wealth to your spouse
- Give it to your children or grandchildren and survive for 7 years
- Put the assets in Trust
- Invest in AIM shares
- Give your income away