Whilst gifting assets can be an effective way of reducing the value of your estate, doing so in the wrong way can have a detrimental effect on the taxation of your estate.

New restrictions will limit the ability of family business owners to pass their business to the next generation.

Trusts are an effective and flexible tool for estate planning, but they require careful planning and a clear understanding of the tax implications.

Having a power of attorney in place means that your spouse, adult child or someone that you trust can make decisions on your behalf and in accordance with your wishes.

In the second in our Myth Busters series, Colin Glass (Partner in our Private Wealth team) looks at the misconceptions that persist around gifting your family home.