The Tax office charges taxes on assets that are inherited or donated from deceased members. An estate planner specializes in arranging the fiscal and legal processes involved in the transfer of funds.
The inheritance tax charged is always dependent on your personal and financial situation, which can include age, marital status, type of property owned, and family status. Estate planning is of interest to everyone, from individuals seeking some advice to entrepreneurs wanting to plan ahead. With the appropriate planning, the inheritance of your assets and businesses for future generations can be organized to be as financially viable as possible. Examples of how this can be done include, but aren’t limited to donations and successions.