Estate Planning

Estate planning involves looking at how someone’s assets and wealth could be passed on to future generations. This can include wills, gifting and trusts, as well as planning for a potential Inheritance Tax (IHT) liability and considering investments that qualify for Business Relief (BR).

There are different approaches to estate planning, depending on an individual’s circumstances and what they would like to achieve. For more information, read our Guide to Estate Planning, available in the Guides & Resources page of the Hub.

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Business Relief (BR) is an Inheritance Tax (IHT) relief available on certain business assets and investments. Qualifying assets can receive relief from IHT, provided they have been held for at least two years prior to death or transfer, and still qualify at the relevant time.

The availability of BR depends on the asset continuing to meet the qualifying conditions.

There are a number of ways to approach estate planning. Our focus is on Business Relief (BR) because the ProVen Estate Planning Service (PEPS), managed by Beringea, invests in companies that are expected to qualify for BR.

Beringea has extensive experience investing in and supporting growing UK businesses, so BR-qualifying investments are the area of estate planning where we can provide particular insight and expertise.

Business Relief (BR) could be considered for clients with a potential Inheritance Tax (IHT) liability who are looking at different ways to pass on their wealth, while retaining access to their capital during their lifetime.

Whether a BR-qualifying investment is appropriate will depend on the client’s individual circumstances, objectives and attitude to risk. Our client scenarios look at a range of illustrative situations and some of the considerations that may come into play.

Tax rules and the wider financial planning landscape continue to evolve. We regularly share insights on relevant changes and what they could mean for advisers and their clients, alongside webinars with industry experts exploring key developments in more detail.

Visit our Guides & Resources and Webinars pages to see the latest content.

If you have a question that isn’t covered here, our team would be happy to help. Use the Ask the team button on the left to get in touch with one of our experts.

For broader enquiries, you can contact our Investor Relations team using the details in the section below.

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