Many first-time clients we consult with have been guided on how to invest their wealth, but not how to structure it, which can cause issues relating to succession planning and inheritance tax.
Ensure your legacy goes to the right place by understanding inheritance and succession tax rules in the UK and your country of residence in Europe.
To make sure your legacy goes to the right place without leaving your heirs a hefty tax bill, you’ll need to understand the rules in the UK and your country of residence and how they interact.
When you choose to hold assets in multiple jurisdictions, it can be viewed as you holding an estate in each country where these assets are held, which requires very specific considerations and planning.
If you live abroad or have assets outside of the UK, it’s likely that your heirs, or even you, will be affected by the inheritance taxes of more than one country. Most UK nationals living abroad remain liable for UK inheritance tax on their worldwide assets because they are still seen as a UK domicile, often without realising it.
When it comes to succession planning, our goal is to ensure that your global assets are removed from probate both in your country of residence as well as the jurisdictions where your assets are held.
The reason for this is that the administration of an estate following one’s death is a lengthy process that can attract high solicitor and attorney fees, as well as undesirable inheritance taxes for loved ones. Added together with the complexities of dealing with matters overseas. This can all prove to be a difficult task for your spouse and family members, especially at a time of bereavement.
With our help, you can minimise these complications when it comes to distributing assets after you pass, ensuring your wealth is passed on as smoothly and tax efficiently as possible to your chosen beneficiaries.
To make sure your legacy goes to the right place without leaving your heirs a hefty tax bill, you’ll need to understand the rules in the UK and your country of residence and how they interact.
When you choose to hold assets in multiple jurisdictions, it can be viewed as you holding an estate in each country where these assets are held, which requires very specific considerations and planning.
If you live abroad or have assets outside of the UK, it’s likely that your heirs, or even you, will be affected by the inheritance taxes of more than one country. Most UK nationals living abroad remain liable for UK inheritance tax on their worldwide assets because they are still seen as a UK domicile, often without realising it.
When it comes to succession planning, our goal is to ensure that your global assets are removed from probate both in your country of residence as well as the jurisdictions where your assets are held.
The reason for this is that the administration of an estate following one’s death is a lengthy process that can attract high solicitor and attorney fees, as well as undesirable inheritance taxes for loved ones. Added together with the complexities of dealing with matters overseas. This can all prove to be a difficult task for your spouse and family members, especially at a time of bereavement.
With our help, you can minimise these complications when it comes to distributing assets after you pass, ensuring your wealth is passed on as smoothly and tax efficiently as possible to your chosen beneficiaries.
Want to find out more about our Succession Planning services? Leave us your details and we will contact you to arrange a free consultation.
I met Josh through a friend of mine whom josh was taking care of her financial matters.
I asked him for some advice of financial matters and opening accounts, very efficient, knowledgable and well informed young man , who i will be working with in the future.
February 1, 2024
My wife and I found Josh Williams 2 years ago via an internet search for a specialist financial adviser for ex-pats living in Spain. What a lucky day that was for us, he’s given us excellent advice ever since. He’s very efficient, you never need to chase him up about anything, he’s always on the ball. I would thoroughly recommend Josh and Ambient Wealth Management without hesitation.
February 14, 2024
From the minute I first spoke with Josh Williams, I felt completely at ease, he has such a professional and friendly manner. He has always been so open and transparent with every question asked, I had an instant connection and good feeling about our future business together.
March 21, 2024
We’re ready to answer any questions you might have and schedule an obligation-free meeting with an adviser. Leave us your details and an adviser will reach out at your requested time.
Alternatively, contact us direct
Telephone / WhatsApp: +34 658 077 450
Email: contact@ambient-wm.com
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Ambient Wealth Management, based in Spain, is an appointed representative of Adviser Platform Lda. Adviser Platform hold the appropriate licensing and regulatory permissions to operate and advise within the European Economic Area (EEA). Adviser Platform is EU authorised and regulated by the Insurance and Pension Funds Supervisory Authority Portugal (“ASF”) registration number 607124296.
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