Barnum Productions Blog

The wealthy know all the tricks of estate planning. You can learn them as well. Even a modest estate is subject to the inheritance tax UK law requires. One such technique is to place your estate assets into a corporation. This way when you pass on there is no inheritance because the corporation owns them as part of their assets. If you appoint your heirs to the board of directors they will have control of the assets. You can then transfer your shares of the corporation back to the corporation. To do this in a way as to minimize cost requires a lawyer and tax specialist but their services can save a ton of money.

This entry was posted on Sunday, November 30th, 2008 at 10:11 am and is filed under Business.