Episode 10 - Starting With the End in Mind - How to plan your property purchases and do inheritance tax planning - with Andrew Drakes Host: Suzi Carter Episode Title: Starting With the End in Mind - How to plan your property purchases and do inheritance tax planning - with Andrew Drakes In this episode, Suzi Carter and Andrew Drakes delve into the complexities of inheritance tax planning, particularly in relation to property investment. They discuss the importance of early planning, the role of wills and trusts, and the various types of trusts available. Andrew emphasizes the need for a solid foundation in estate planning to avoid future headaches for heirs. The discussion also covers the implications of business trusts, the differences between holding and selling assets, and the critical role of life insurance in managing inheritance tax liabilities. The episode concludes with a call to action for listeners to seek professional advice to ensure their estate planning is effective and tailored to their individual circumstances. ___________________________________________________________________________________ What You’ll Learn in This Episode: 1. Understanding Inheritance Tax Liabilities How inheritance tax affects property investorsKey factors that determine tax liabilityStrategies to reduce the tax burden 2. The Importance of Wills and Trusts Why a will is essential for estate planningHow trusts can protect assets and reduce taxesCommon mistakes to avoid when setting up a will or trust 3. Types of Trusts and Their Benefits Overview of different trust structuresHow each trust type impacts inheritance taxChoosing the right trust for your estate planning goals 4. The Role of Life Insurance in Estate Planning How life insurance helps cover inheritance tax liabilitiesStructuring policies for maximum tax efficiencyIntegrating life insurance with wills and trusts ________________________________________________________________________ Key Takeaways: Inheritance tax planning is crucial for all investorsTrusts can protect assets from inheritance tax.Selling assets requires different tax considerations than holding them.Life insurance can provide necessary liquidity for tax payments.Understanding tax-free allowances is essential for estate planning.Professional advice is key to effective estate planning. _____________________________________________________________________________ Subscribe & Stay Tuned: Don’t miss an episode! Hit subscribe now to gain more insights into commercial property investing and tax strategies. I’m hosting a free live webinar on Wednesday, 19th February 2025, at 12:30 PM, alongside finance expert Jonny Dunn and pension strategist Kevin Whelan, to show you exactly how to Find, Fund & Supercharge a Profitable Commercial Property Portfolio. You can click this link here to register https://wealthbuilders.co.uk/supercharge-commercial-property-suzi Sign Up to receive Suzi’s weekly newsletter with lots of commercial Property hints and tips - click the link at https://suzicarter.com Learn More from This Episode’s Guests: Andrew Drakes is a fully STEP-qualified estate planner with a Diploma in Financial Planning and over 10 years of industry experience. Specializing in trust and inheritance tax planning for high-net-worth clients, Andrew combines expertise in estate planning with a strong background in financial services. Known for an analytical and solution-focused approach, Andrew thrives on solving complex estate planning challenges. Rather than relying on "off-the-shelf" solutions, he takes pride in working with CTT Private Client, where he has the freedom to think creatively and develop tailored strategies that best serve each client’s unique circumstances. Empathy is central to their practice. As a people-oriented professional, Andrew takes the time to truly understand clients' needs, ensuring their estate plans are personalized, effective, and aligned with their long-term goals. ✉️ andrewd@ctt-group.co.uk 📳01926 514 390 Ext 150 Use the code CPAINTRO to get a free fact finding call with Andrew
