Understanding Gifting – Legal, Tax & Care Fee Considerations
Gifting can be a valuable way to support loved ones and plan for the future, but it’s an area often surrounded by misconceptions. Our Private Client team will explore the different types of gifts you can make, the rules that apply, and the potential tax, care fee and practical implications to consider before taking action.
Event details
About this event
Gifting can be a valuable way to support loved ones and plan for the future, but it’s an area often surrounded by misconceptions. Our Private Client team will explore the different types of gifts you can make, the rules that apply, and the potential tax, care fee and practical implications to consider before taking action.
This session will help you make informed decisions and avoid common pitfalls.
We will provide a clear overview of:
- Different types of gifts and how they work
- Inheritance tax considerations, including benefits and risks
- How gifting may affect care fee assessments
- Reasons for gifting beyond tax planning
- Key rules, documentation and potential pitfalls to be aware of
Who should attend?
Anyone considering making financial gifts or planning their estate.