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It is greatly advised that you have a plan in place in order to ensure that you can preserve and protect the assets that you have worked so hard to make and build up.
Inheritance tax can be paid in life or in death.
An important step in any estate planning exercise is to ensure you have a valid Will.
There are normally no capital gains tax issues if you gift the family home during your lifetime.
IHT Planning for Farmers
A trust is a legal arrangement where by a person (a settlor) can introduce an asset such as money, investments or property to be managed in a particular way for a beneficiary.
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