Intergenerational Wealth CPD course  

Guide to passing on wealth after you die

  • Describe how to set up an estate properly
  • Explain how to pass on a business
  • Explain how pensions can be used in IHT planning
CPD
Approx.60min
Guide to passing on wealth after you die
(credit: Photo by Andrea Piacquadio via Pexels)

Introduction

By Ima Jackson-Obot

Coming up with a plan to help your client manage money after they die is a big decision. 

Your client will not have to deal with any fallout among beneficiaries, but ensuring that everything is set up properly will give your client the control to leave their assets to exactly who they want.

It will also help to bring some peace of mind.

This guide will explore how to set up an estate properly, how to pass on business interests, how to pass on a pension and how to ensure that trust wishes are kept.

It is worth 60 minutes of CPD.

In this guide

CPD
Approx.60min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. True or false, a discretionary trust offers less flexibility than a bare trust

  2. Which is the odd one out from the following? Appointed trustees must read the trust deed and be comfortable in the knowledge that they are doing the following:

  3. Why does Andrew Megson suggest that savers should withdraw their 25 per cent tax-free lump sum before turning 75?

  4. With beneficiary flexi-access drawdown, for deaths under 75, what percentage of a lifetime allowance charge applies to any excess used for beneficiary flexi-access drawdown?

  5. Which of the following best describes shareholder protection?

  6. What does Martin Stanley say is one of the pitfalls with using life assurance for IHT?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe how to set up an estate properly
  • Explain how to pass on a business
  • Explain how pensions can be used in IHT planning

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