Inheritance Tax can have a big impact on your estate after your death. For some people, if the value of their assets, less any debts, is more than £325,000 anything over that figure may be charged to tax at 40%.
Through sensible lifetime planning, it is possible to help your loved ones by reducing the amount of tax payable on your death. This can be done through careful drafting of a Will, by reducing the size of your estate through lifetime gifting or by the use of trusts.
Our specialist team will ensure that you fully understand:
- the current inheritance tax legislation;
- how it might impact upon you given the nature and extent of your assets; and
- provide you with the options available to you to reduce your estate’s liability on your death.
“The process of reviewing and rewriting our Wills was conducted professionally and efficiently by Jenny Greenland from start to finish.” PL, November 2018