Like it or not one day we will all pass away. In the UK when we pass all of our possession will be assessed for potential Inheritance tax fee’s by HMRC for those whom may benefit or receive these assets (money, shares, property and other..) 

The process to calculate if fee’s are applicable is called Probate. The Probate process can, dependant on the complexity of the case, take weeks / months to resolve. After this time the family may receive a Inheritance tax bill to pay “before” the assets are released to family.

Golden Rock can work with families to put the life protection into trust to reduce the above Inheritance tax exposure. However, sometimes the collection of all assets will always be over the single person tax threshold meaning that an inheritance Tax build one day will be levied. In these instances more and more families are looking to build protection which has no end date. Would always pay the some of monies required to pay an inheritance tax bill when that time comes. This would help family so they never need to worry about how to pay these monies at a difficult time. 

Golden Rock looking to help protect families. Get in touch for more information

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