Bluebond

  Bluebond Inheritance Tax specialists have been working for 18 years to provide legal services to clients. Our professionals provide the best advice in inheritance tax and related matters at fair prices  

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In today’s uncertain financial climate, having an emergency fund can offer a vital safety net. In this video, we’ll cover why an emergency fund is crucial, how much you should aim to save, and the best ways to start building yours in the UK. Watch to gain practical tips for achieving financial security

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Discover the benefits of setting up a grandchild's trust in the UK. Learn how this financial tool can help secure your grandchild's future by safeguarding funds for education, housing, and other key life expenses. We’ll explain how it can reduce inheritance tax, provide financial control, and offer peace of mind for both grandparents and parents. Empower your family by planning for the next generation’s financial wellbeing with a tailored trust.

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This video covers essential steps to avoid false declarations in inheritance tax, including the role of a professional in valuing assets and gifts, the importance of accurately declaring these to HMRC, and the legal risks of tax fraud. Proper inheritance tax planning is highlighted as a way to prevent legal issues.

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If a trust lends money to adult children, the transaction is generally not tax-free. The interest rate charged must be at or above the applicable federal rate (AFR) to avoid imputed income tax implications. If the loan is interest-free or below AFR, the IRS may treat it as a gift, which could trigger gift tax obligations for the lender. Additionally, the loan terms should be properly documented to avoid reclassification as a distribution. Consulting with a tax advisor is recommended to ensure compliance with IRS regulations and to understand potential tax implications for the trust and the borrower

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An IPDI Trust is created upon death and qualifies as an interest in possession trust. Established by a will or under intestacy laws, the life tenant has an immediate right to income from the trust's assets or can use the assets, like living in a residence. The entitlement may last for the beneficiary's lifetime or for a fixed term, ending under specific conditions like death or remarriage.

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Discover the key methods and important tips for transferring your assets into a trust. Secure your estate planning with expert advice

Transferring assets into a UK trust, such as property or investments, protects wealth and manages it for future generations. Selecting the right trust type—discretionary, bare, or life interest—is crucial, considering the tax implications like inheritance and capital gains tax. Choosing reliable trustees is vital, as they oversee the assets according to the trust deed. Professional advice ensures legal compliance, tax efficiency, and alignment with long-term financial goals.

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Explore the complexities of holding offshore property in an Excluded Property Trust. Navigate the issues with expert insights from Bluebond.

Handling property in an Excluded Property Trust varies based on location. UK properties can't be held directly in such trusts, only offshore assets. Putting cash into the trust, borrowing against it, and using it to buy UK property can reduce IHT on the borrowed amount. Offshore properties might face issues with tax jurisdictions in some countries. Investments in these trusts are generally simpler than dealing with properties due to complex tax laws. Specific advice for the country where the property is located is essential.

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Learn how to optimize investments within a Family Investment Company (FIC). Gain financial insights and strategies with Bluebond.

Placing investments into a Family Investment Company (FIC) involves several key steps. First, establish the FIC as a private limited company, ensuring compliance with legal and regulatory requirements. Then, shareholders, typically family members, contribute capital to the company by purchasing shares.

These contributions can be in the form of cash, property, or other assets. The FIC then invests this capital in various assets, such as stocks, bonds, real estate, or other investment opportunities. It's crucial to have a clear investment strategy and governance structure, often outlined in a shareholders' agreement, to ensure alignment with family goals and values. Regular monitoring and management of the investments are essential, with professional advice recommended to optimize tax efficiency and compliance. This structure allows for centralized management of family wealth, succession planning, and potential tax advantages, making it a popular choice for wealth preservation and growth.

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Discover how an Excluded Property Trust can save taxes for UK non-domiciles. BlueBond provides detailed insights into this effective tax-sav

An excluded property trust allows UK non-domiciles to save on inheritance tax by keeping certain assets outside the UK tax net. Assets placed in such a trust before becoming UK domiciled remain exempt from UK inheritance tax, offering a tax-efficient way to manage and protect wealth.

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Ensure compliance with inheritance tax laws by making accurate declarations. Avoid legal troubles by clearly stating all inherited assets and their values. Proper documentation and honesty can prevent penalties and legal issues, ensuring a smooth transfer of wealth to beneficiaries.

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This video covers crucial steps to avoid false declarations in inheritance tax, including the role of professional agents or solicitors in asset and gift valuation, the necessity of declaring true values to HMRC, the legal consequences of false declarations, and the benefits of proper tax planning to prevent legal issues

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Discover the benefits of using a Family Investment Company (FIC) for your investment portfolio. Learn how FICs offer tax efficiency, control over assets, and flexible succession planning. Ideal for preserving wealth and managing family investments effectively.

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This video delves into multiple strategies for transferring cash and other assets into a trust, covering topics such as opening a bank account in the trust's name, transferring share portfolios by renaming brokerage accounts, the significance of a deed of assignment, and the legal and tax considerations of such transfers. It's crucial to consult with experienced legal professionals to fully grasp the implications and procedures involved.

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Discover the benefits of using a Family Investment Company (FIC) over a traditional limited company in the UK. Learn how FICs offer tax advantages, estate planning benefits, and greater control over family wealth, making them a strategic choice for family asset management.

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Discover the essential steps in selecting an independent trustee for your trust with our comprehensive guide. Learn the key factors to consider, including expertise, reliability, and compatibility with your goals. Make informed decisions for the future of your assets with expert advice in this insightful video.

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Inheritance tax avoidance relies on three key strategies: using allowances and exemptions, gifting from one's estate, and acquiring exempt assets. This includes leveraging the Nil rate bands, yearly gifting limits, and trusts. It's essential to select suitable trusts and understand exempt asset acquisition, as explained in the accompanying video, which also outlines associated risks

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Explore the intricacies of allocating assets to unborn children or grandchildren in the UK. Gain legal insights and explore options for securing your family's financial future through trusts. Join us to navigate the complexities of trust allocation and ensure provision for generations to come.