If the value of your estate exceeds a certain threshold, Inheritance Tax becomes due on the excess amount. With Inheritance Tax currently payable at 40%, this may cause financial hardship to those you leave behind, especially when a house or other property must be sold to pay the tax bill. Why allow your life’s savings to be eroded in this way?
With proper lifetime and testamentary tax planning, plus the use of appropriate trusts in your Will, you can ensure that your loved ones receive the maximum possible benefit from your estate.
Please ask for further details on how any of the above strategies may impact the structure of your Will.
We are unable to give tax, pensions or financial advice; however, we work closely with and can refer you to, other professionals who are able to offer specialist advice, including independent financial advisors, pensions experts and private client lawyers with whom we work to prepare Trusts and conduct all aspects of estate administration.