Many people worry about their estate and how much inheritance tax they will have to pay when they pass away. They naturally want to maximise what they can leave behind for their loved ones.
With Inheritance Tax charged on certain lifetime gifts, wealth on death and on certain transfers into and out of trusts. Therefore, it’s crucial that you know all about the available exemptions and reliefs.
Our team can help you significantly reduce inheritance tax liability, or even render it irrelevant.
We offer sound advice on wills and trusts, tax planning and judicious use of gifts.
Tax is currently charged at 40% on estates which are worth more than £325,000. Rises in property values have brought even those with relatively modest homes into the inheritance tax (IHT) net.
A death in the family often leads to the requirement to act quickly.
This is to ensure all assets are safe and to deal with the opportunities that are possible even after death.