Family financial planning - Louise

Louise had a significant Inheritance Tax liability. We helped her to set up trusts, protect her wealth and see her family enjoy her wealth in her lifetime.

Louise, Derby, a client since 2006

“I have been a client of Chambers Smith Financial Planning for almost 14 years now and am so grateful for how they look after me and my finances.

When I first started working with Chambers Smith, I had a significant Inheritance Tax issue, and couldn’t see any way to reduce it. Chambers Smith have worked with me since 2006 to reduce my IHT liability, as well as advising and helping me with my personal finances and assisting my daughter with her finances.

I trust Chambers Smith implicitly and seeing my IHT liability fall year by year as a result of their planning means that I will recommend them until I run out of breath!”

Dan Smith, Financial Planner

“When we initially met with Louise, she had a significant Inheritance Tax liability that her previous adviser hadn’t addressed; they had solely focused on managing her investments. We had several meetings with Louise to discuss the different options, the benefits and drawbacks of each, and which would be the most suitable for her.

Following our initial meetings with Louise, we put together a long-term plan to reduce her liability; taking into consideration her own capital needs for the rest of her life.

Over a period of 14 years, we encouraged her to make significant gifts to her daughter and grandchildren that were affordable and would enable her to see them enjoy the money in her lifetime. We also recommended Louise set up two trusts seven years apart to shelter some of her wealth, so it is outside of her estate. Finally, we assisted her by recommending suitable investments within the trusts.

As a result of our ongoing recommendations, Louise has saved hundreds of thousands in Inheritance Tax and, more importantly, has been able to see her family enjoy her wealth in her lifetime, which was even more valuable to her.”

Chambers Smith is authorised and regulated by the Financial Conduct Authority. You can find Chambers Smith on the FCA register by clicking here. Under reference 488279. Registered in England & Wales. Company number: 06674780. Registered Office: 2 Cheapside, Derby, England, DE1 1BR.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details can be found by clicking here.

The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. The FCA does not regulate tax or estate planning.