Inheritance
Mr B from Evesham approached us with a view to refinancing his property portfolio. Upon investigation we found that Mr B had just Inherited a substantial sum of money from his Father who had recently passed away.
The Inheritance had caused an Inheritance Tax bill of £211,000. We were able to advise Mr B that by executing a Deed of Variation we were able to claim the £211,000 back from the Revenue.
Our advice allowed Mr B to reduce the amount of borrowing needed to refinance his property portfolio, saving Mr B even more money on hefty interest rates and product fees inherent with commercial borrowing.
Will
Mrs H from Stourport had recently inherited a substantial sum and wanted to give her daughter £100,000 to help her buy a property.
The daughter would be purchasing the property jointly with her fiancée.Mrs H was concerned that any future relationship problems could result in some of the £100,000 being lost to her bloodline.
We advised Mrs H to settle the money into a discretionary Trust. The Trust then lent the £100,000 to her daughter. The loan agreement specified that should the house be sold then the Trust would have to be repaid. Therefore, the money would be safeguarded should they split up in the future and need to sell the house.
Gift
Mrs H from Stourport had recently inherited a substantial sum and wanted to give her daughter £100,000 to help her buy a property.
The daughter would be purchasing the property jointly with her fiancée. Mrs H was concerned that any future relationship problems could result in some of the £100,000 being lost to her bloodline.
We advised Mrs H to settle the money into a discretionary Trust. The Trust then lent the £100,000 to her daughter. The loan agreement specified that should the house be sold then the Trust would have to be repaid. Therefore, the money would be safeguarded should they split up in the future and need to sell the house.