Inheritance is a key issue for many families, especially the wealthy ones, and with constantly changing rules and regulations it is important to keep up to date.
This video from the Telegraph Money team offers tips and advice for managing your money at every key stage of life.
Most people want to financially support their children and grandchildren at some point in their lives, but tax rules are complex and change if money is passed down before or after death. This video discusses the key factors that determine when your money should be handed over, such as how long you will live after the gift has been exchanged, any added inheritance tax on the money given and the ability to set up trusts to pay for future events in your child’s lifetime.
http://www.telegraph.co.uk/tax/inheritance/inheritance-best-time-give-children-money/
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