The Tilney Investment Podcast – estate planning special.

Our estate planning specialists Ian Dyall and Jocelyn Davis recently sat down with financial planner Martin Holden to record two special estate planning podcasts. In the first episode they introduce you to estate planning and give an overview of the different approaches you can take. In the second, the pair discuss some of the more technical aspects of estate planning and answer a selection of your questions.

Part 1 – an introduction to estate planning

Highlights of this episode

02:27 – What is estate planning, and what isn’t it?

04:40 – Why people are so reluctant to start thinking about estate planning

08:10 – How to start estate planning, and an introduction to the four-stage process

08:35 – Stage 1: good housekeeping

11:58 – Stage 2: using your allowances and reliefs

16:13 – Stage 3: gifting, the different ways to make gifts, the tax rules, and calculating how much can you afford to gift

31:47 – Stage 4: using life assurance to cover any remaining tax liability, after all of the other planning

36:35 – The role that pensions play in an estate planning strategy

Part 2 – estate planning in more detail, and your questions answered

Highlights of this episode

01:10 – What is the residence nil rate band, and what challenges does it pose for people with estates worth more than £2 million?

05:40 – Is it ever too late to start taking action when it comes to estate planning and Inheritance Tax?

09:45 – How can more complex, riskier investments such as the Enterprise Investment Scheme (EIS) reduce an Inheritance Tax bill?

15:10 – Why is it so important to be aware of the risks when looking at these investments?

17:45 – If somebody died many years ago, would their surviving spouse still have their nil rate band and residence nil rate band?

18:55 – Can you pass a holiday home on to teenage grandchildren, and what are the tax rules?

21:33 – Can you pass a property on while still using it yourself?

24:20 – How can you make sure your plans keep up with any changes to government legislation and also your own family circumstances?

Where else can you listen to the podcasts?

Both podcasts are also available on all major podcast platforms including Apple Podcasts, Spotify and Google Podcasts. Simply search for “The Tilney Investment Podcast” or click the below buttons.

Listen on Apple Podcasts

Listen on Spotify

Do you have questions that need answering?

If our podcasts have sparked some questions or you’d like to know more about anything Ian and Jocelyn discussed, the best way to get some answers is to book a telephone consultation with a financial planner. They would be happy to give you more information and show you how we may be able to help you.

Book a consultation

You can also book a consultation by calling us on 020 7189 2400.

Important information

Advice in relation to trusts and Inheritance Tax planning is not regulated by the Financial Conduct Authority, however, the products used in relation to trusts and to mitigate tax may be regulated.

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