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Joan’s Tax Planning

Joan was having to cope with a potential Inheritance Tax liability, alongside arranging a Lasting Power of Attorney over her husband’s affairs who was sadly becoming very unwell.

Chartwell recommended and assisted the process of Joan placing some assets into trust meaning they would eventually be outside their taxable estate for Inheritance Tax purposes.

Joan also explained she wanted to make a gift of capital to her two grandchildren but wanted to ensure it was not accessible and spent correctly. We were able to set up pension plans for her grandchildren, something Joan did not realise she was able to do!

All of this allowed Joan to put her full focus into taking care of Eric knowing that their finances were protected and being taken care of.