Think ahead. We advise on structures to pass assets on as tax efficiently as possible. Capital gains tax (at up to 18%) may apply on any lifetime transfer and, on your death, inheritance tax can dramatically reduce your estate - the standard rate is 40%.
Tax is not everything. Financial security needs to be retained and assets should be protected in case of unforeseen circumstances in the family, such as divorce, death or bankruptcy.
Often the steps you take will only be effective for tax purposes with the passage of time. You should take advice early.