I'm helping my father limit his IHT liability for our family. We've spoken to a few financial advisers but they only seem interested in him transferring his stocks and shares portfolio over to them to manage - no one has come back with anything actually useful.
Breakdown is as follows:
Main residence - £1mil
2 x buy to let flats - £1m total (500k each)
Stocks and shares portfolio - £400k
Savings £100k
There are three children to split the assets between. Unmarried, no mortgages, credit card debt or loans. Cannot gift the two BTL flats to children as these generate income for him to live on, as do the shares, so he has an interest in them.
Any suggestions?
Many thanks for your help!
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