The Earlier Conversation About IHT.

Your clients work their butts off building wealth for themselves and their families. It wouldn't be too dramatic to say they could be undoing some of that hard work... if they haven't thought about what happens to that wealth in the future.

Help your clients protect wealth and reduce IHT. We all know that bit. The question is... when do we start? And how soon is too soon?

(Spoiler alert: usually later than your clients think, but earlier than they expect.)

It is our earned and trusted duty to help clients move wealth through the generations as tax efficiently as possible. Not "one day". Not "when the time comes". Now.

The clients who have the most options available are often the ones who start the conversation earliest.

One commercial, classy, and dare I say cosy route we love relies on a bit of a 'family business' mindset.

Not every client has it. Plenty do.

What I'm talking about is people that have Family Investment Companies... or ought to... And they're using Growth Shares. Over my last few years of work, I really got the impression that it's a subject worth exploring. Many of my clients have been referred to a specialist, keen to learn more.

Family Investment Companies (FICs) can use growth shares to:

• Give the next generation some skin in the game

• Let current shareholders keep hold of the value they've worked so hard to create

• Efficiently & commercially transfer wealth and business

• Protect assets from personal accidents and tax issues

Who Needs Help?

Here's the thing. Good wealth planning is rarely about reacting. It's about getting there first.

• Children they would like to provide for;

• A personal or family property portfolio;

• Significant investable assets;

• A desire to reduce inheritance tax exposure and improve wealth governance.

An FIC is a worthwhile subject to discuss.

Diagnostax are happy to provide a complimentary, no-obligation assessment of any of your potential clients. We have plenty of experience in helping people determine whether an FIC is suitable. We can also pinpoint whether you need further assistance when educating your clients and/or completing the work.

If this is something you already do, then I encourage you to make sure every suitable client is aware of their options. Because protecting their hard work is good for them, and being the adviser who started the conversation isn't exactly bad for you either.

Get in Touch

If you have some clients in mind or want to learn more about our experiences in identifying, advising, and implementing this line of work, just say the word!

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