Let us introduce you to Jack and Dorothy1. They are
married, both 70 years old, retired, and have two children, James
and Emma, who have their own families. As well as owning their
home, Jack and Dorothy have a couple of rental properties.
The rental properties have been great over the years, providing
them with regular income which they enjoy receiving, and now worth
a lot more than they paid for them. However, as they have got older
the hassle of dealing with tenants and maintaining the properties
has left Jack and Dorothy wondering if it might be time to sell up
to make their lives easier.
Jack and Dorothy decided to speak to a financial advisor, Alex,
to find out about other investments which could provide them with
income and capital growth potential. They were shocked to learn
that, due to Inheritance Tax (IHT), the government would be the
biggest recipient of their estate on second death, receiving more
than each of their children. They were relieved to hear
