Navigation

  • 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...

Inheritance Tax


What is Inheritance Tax ?

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.

How Could Inheritance Tax Affect Me ?

Everyone has a “Tax-Free” allowance of £325,000. However, if your Estate is valued above £325,000, upon your death, then the excess attracts 40% Inheritance Tax. It is important to note that married couples or civil partners are allowed to utilise their previously deceased partner’s unused allowances which can provide relief of up to £650,000 on the second death. Careful planning through the use of Wills and Trusts can reduce taxation liabilities considerably and in many cases all the tax can be mitigated for.

The present limits have promised to be raised by the current Government starting in 2017 and completed in 2020. There are conditions however relating to the passing on of personal residences. Inheritance Tax is a large revenue raiser and is likely to remain so. In view of this it is essential you plan to minimise your liabilities wherever possible.

We provide a comprehensive Inheritance Tax Advice service to our clients. Please telephone or e-mail for a meeting to discuss your potential liabilities.