Page 66 • The HERALD • 3rd August 2023 v INDEPENDENT, LOCAL AND PROUD v ASK A PROFESSIONAL Writing a will is one of the most important financial decisions you can make. By writing a will, you can determine exactly where all of your money and possessions go when you pass away. 5 ways obtaining nancial advice at the time of writing your will may help you, your estate, and the legacy you wish to leave… 1. Inheritance Tax If your estate is nearing or over the Inheritance Tax threshold, obtaining sound nancial advice can help you assess exactly what your assets are worth and what your potential Inheritance Tax liability will be. 2. Reducing your Inheritance Tax liability though gifts during your lifetime Making gi s during your lifetime can be an acceptable way to start passing some of your wealth to your loved ones, without an Inheritance Tax liability. ere are various ways in which you can take advantage of lifetime gi ing, however this should be approached carefully and advice sought. 3. Potentially Exempt Transfers (PETs) Unlike lifetime gi ing mentioned above, you are able to give away more than your gi ing allowances. ese gi s are subject to Inheritance Tax for seven years from the date of the gi , but then will fall outside of your estate. 4. Utilising Life Cover If you are expecting your estate to be liable to a large Inheritance Tax bill, it is possible to obtain life cover to settle the Inheritance Tax bill. 5. Giving to Charity Perhaps you wish to leave a legacy to Charity. By leaving at least 10% of your net estate to charity, will reduce your Inheritance Tax rate from 40% to 36%. So it is more important than ever to seek nance advice when preparing your will. If you have not reviewed your estate for some time, DO IT NOW Contact Heritage Will Writing on 023 8087 9243 to book your review. conversations to activate our potential, to galvanise and enthuse partners, organisations and individuals to work together and drive the change. We need to build a future workforce which can seize the opportunities offered by innovation in key sectors, including zero carbon economy, land management and the visitor economy.” e Greenprint framework re ects the distinctive characteristics of the area – from the coastline and national parks to the urban, suburban and rural communities. It is committed to building sustainable places and climate resilience. Following the successful conference, it will ‘feed forward’ the positive ideas from the event to create real change in the region. e Greenprint framework is made up of ve priorities: Net zero with nature – providing the leadership necessary to reduce carbon emissions, taking a more integrated and holistic approach by working with nature to build a zero carbon economy and zero carbon communities. Natural health service – improving physical and mental health and wellbeing and tackling health inequalities through greater access to our world class natural environments and bringing nature into our urban communities. World class blue/green environments – protecting, restoring and improving our distinctive, high quality blue and green environments, enabling the natural capital and ecosystem services they o er us to contribute fully to a strong economy and a healthy, inclusive society. Creating great places through quality in design and build – encouraging an innovative approach to creating high quality, inclusive and sustainable places for people and nature, adopting a low-carbon, sustainable approach which will make the region an exemplar. Centre for excellence in green skills and jobs – tackle local skills gaps and economic inequalities by building a future workforce which can seize the opportunities o ered by innovation in key sectors of our economy, including zero carbon economy, land management and the visitor economy. Find out more about the Greenprint Conference visit: www.youtube.com/watch?v=2EesaMYpX9s More than 100 business, community, local authority and education leaders from across the South attended the inaugural Greenprint Conference to contribute their support for the region to become a centre for green skills and create a world class environment and economy. e ground-breaking collaboration across all sectors was hosted by the University of Southampton and explored the challenges and opportunities for developing green skills in the region, with expert speakers, a panel discussion and workshop sessions. Delegates were welcomed by Vice President of the University of Southampton, Professor Mark Spearing and Councillor Seán Woodward, Leader of Fareham Borough Council & Chairman of Partnership for South Hampshire. Alison Barnes, Chair of Greenprint and Chief Executive O cer of the New Forest National Park Authority, said: “This is our opportunity to be at the forefront of international and national agendas on climate, nature, WHY WRITE A WILL by Heritage Will Writing Greenprint Conference ‘Feeds Forward’ to Support Green Growth in the Solent Simon Eden, Anoushka Ottley, Cllr Stavir Kaur and David Hutchinson and the green economy, as well as delivering for our own communities. We must focus on becoming a centre for excellence in green skills and jobs to enable us to deliver our vision. Greenprint is about collaborating and broadening our
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