Planning for the future is rarely straightforward, especially when inheritance tax and family dynamics come into play. That’s why Gravita and Wellers co-hosted a practical webinar exploring the key issues from both tax and legal perspectives. The panel, hosted by Gravita Accounts Partner, Mark Rubinson, consisted of Gravita Private Client Tax Partner, Michaela Lamb and Wellers Senior Private Client Solicitor, Aarti Gangaramani.
The session explored everything from gifting your home to the upcoming changes for non-doms. A key takeaway was that while DIY wills or AI-generated templates may seem convenient, they often fall short. Mistakes in structure, wording or witnessing can lead to intestacy, unnecessary tax, or assets ending up in the wrong hands.
Gifting property is another area where people can be caught out. Giving your home to your children but continuing to live in it can trigger inheritance tax rules that effectively ignore the gift. Even well-intentioned plans can fall apart without clear agreements, market-value rent, or properly structured ownership.
The discussion also covered the use of trusts and family investment companies. These can be powerful tools, but they require regular reviews, administrative upkeep and careful planning to avoid unexpected tax charges. With changes to business and agricultural property relief coming in April 2026, there is still time to act, but the clock is ticking.
Other topics included:
- How the reintroduction of inheritance tax on pension pots may affect planning
- What the changes to non-dom status mean for those with international assets
- How to pass wealth down to grandchildren while protecting it from future divorce claims
The session closed on a lighter note with a look at a headline-grabbing inheritance tax loophole involving marriage to a mother-in-law. Technically possible, but not exactly advisable.
To explore these points in more detail, watch the full webinar recording below. If you have questions, Gravita and Wellers are happy to help.
