Burn old logs. Drink old wine. Read old books. Keep old friends..
Planning to pass your assets to your kids is about so much more than just tax. Material achievements don’t gratify for very long. People are rarely satisfied with what they have, usually craving more, so giving things away can be a real issue
Clients seem to spend all of life in pursuit of earthly happiness but, as most of us have experienced, it takes hard work to be happy. Apparently, ‘deep friendships make us more content than a frenzied orgy’. Sample size, one – some views change with age!
Psychology suggests we don’t become satisfied by leading a peaceful and prosperous existence, only when reality matches our expectations, and those keep moving on up
There’s little satisfaction remembering yesterday’s adventures and, when the ageing process becomes noticeable, focus turns to eternal youth
Scepticism about the afterlife seems to be driving the quest for immortality. Might it be possible to rig the system, to manipulate human biochemistry?
So, how do we die? Most always, it’s a technical problem. Heart stops, arteries get clogged, cancer wins, germs take over..
Logically, every technical problem has a technical solution, even if we haven’t discovered it yet
Google has a subsidiary called Calico. Its Mission Statement is: ‘to solve death’
Just maybe, in future, anyone with a healthy body, and a healthy bank account, might have a shot at living a very long time
That would impact the Chancellor’s Inheritance Tax take!
One option, available right now, is to pass ownership of your assets during your lifetime, while keeping control, and meeting all the rules (Oh yes you can.!)
Maybe you want that too? Arrange your FREE power-hour discussion HERE. You’re free to accept, or refuse, and there’s no obligation whatsoever
All tax advice is provided, in writing, by Chartered Tax Advisors
Toodles