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  • Basic Wills from £125.00
    Basic Wills from £125.00
    Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes. Click the image to read more...
  • We realise that most people haven’t experienced probate before. Probate is the administration of a deceased’s Estate by the appointed “executors” in the Will, usually family members. At an already difficult and emotional time, the complexities of executing a Will and establishing any appropriate Trusts can be an arduous task. Click the image to the left to read more...
  • Inheritance Tax is simply a tax on money or possessions you leave behind when you pass on.It can also apply to some “gifts” you make during your lifetime. It is therefore vital that you receive professional Inheritance Tax Advice on your position to minimise the impact and tax paid should the worst happen, ensuring that your loved ones receive as much of your money as possible. Click the image to the left to read more...
  • Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes, unless you write a will. Click the image to the left to read more...
  • Lasting Powers of Attorney from £150
    Lasting Powers of Attorney from £150
    Often serious illness or accidents strike without warning. Last year, for example, approximately 130000 people suffered strokes. Without a Lasting Power of Attorney being available this is when it becomes difficult... Click the image to the left to read more...

£1bn extra inheritance Tax

By on August 6, 2014 in Latest News

Over the last 5 years the amount collected in inheritance tax per year has increased by £1bn.  In 2014 the total take by the Treasury was £3.4bn.

This government pledged to increase the threshold from which the tax is charged to £1m per person but has not done so. It has fixed the allowance at £325k until April 2018.  With house prices rising in certain areas of the country many more thousands of families have been dragged into the tax trap and forced to pay 40% of estates valued over £325k.

More planning is vital for home owning families . A Revocable Life Interest Trust Will can be used to defer payment and possibly escape the tax altogether. Equalisation of estate values between partners helps reduce the burden . Lifetime Property Protection Trusts can also help.

Planning for death is an important part of financial planning for any prudent individual