Estate planning helps you avoid leaving a portion of your hard-earned cash to the taxman when you die, rather than leaving it to provide for your loved ones. Because as much as you may not want the taxman to benefit from your death, estate duty lies in wait to attack the assets of the unsuspecting.
Similarly, capital gains tax, donations tax and all those other “loved” taxes have an impact on what actions you can take with your assets while you are still alive. With these complexities in mind, it pays to be strategic about your estate planning as a young individual while you are building up your wealth.
Over the next couple of weeks, I’ll have a detailed look at five estate planning tips to keep your assets safe from the taxman. These tips are -
Look out for my next blogs in this series and learn all you need to know!
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