A Welcome Relief
George and Mildred are comfortably off with a large house in a nice area and a cash rich engineering business.
George ran the business but was beginning to take a back seat as he was entering his late sixties and had employed a good manager in the shape of their son, William.
They were concerned about Inheritance Tax (IHT). George had started the business forty years ago and built it up from nothing. They were not keen that HMRC would take 40% in tax on their deaths so they decided to take advice.
The chap from Rutherford Hughes Limited (RHL) sat down with them and asked them about what their fears and concerns were and what they wanted to achieve. The RHL adviser explained more about IHT, the thresholds, reliefs and potential solutions.