Inheritance Tax Planning - Wills, Trusts and More

Many people are oblivious to the fact that their estate could be presented with a hefty tax bill on their death. This tax is continually being fuelled by rising house prices and is a non-discriminatory tax that doesn’t only target the ‘super rich’. The tax in question is of course, inheritance tax and an ever increasing number of households are becoming potentially liable to pay this tax due to the increasing values of their houses.

The current inheritance tax threshold (tax year 2008/2009) is £312,000 which means that any assets passed to your family (excluding your spouse) in excess of this will be liable to tax at a rate of 40%. On death your estate includes all property, savings, investments, insurance policies not written in Trust, cars, household goods and so on. Any transfers between husband and wife are entirely free of inheritance tax.

We have a high level of expertise in inheritance tax planning and can guide you through the process of drawing up Wills, setting up Trusts and advising you on the numerous ways of planning to avoid inheritance tax.

Please note, HM Revenue & Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

Why not contact us to find out how we can help you meet your financial goals.

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