Sovereign UK and IOM’s Post

Last night a 22 year old scored the winning goal in Portugal's Euro 2024 game against the Czech Republic, taking the baton from #Ronaldo who is in his sixth European Championship. This shows the importance of succession planning in all walks of life from football to inheritance tax! …Proper planning helps ensure that a significant portion of an individual’s estate can be passed on to their heirs rather than being consumed by taxes. Inheritance tax rates can be high, so effective planning can save a substantial amount of money. For business owners, succession planning is crucial to ensure smooth transition of ownership and operations without disrupting the business’s functionality or value.  Fail to plan, plan to fail. 👋 For an informal chat about how Sovereign Corporate & Trustee Services (SCATS) can help call 01244 901350 / ukcorporate@sovereigngroup.com, or message us directly. https://lnkd.in/eQ6k5des #successionplanning #ronaldo #tng #IHTplanning #taxplanning

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