Inheritance Tax Planning
What is Inheritance Tax?
It is a 40% tax on the proportion of your estate over the Inheritance Tax threshold upon your death. Due to an increase in house prices over recent years this has meant that more people are over the Inheritance Tax threshold. Therefore it is very important to take tax planning into consideration.
Why do I need advice on Inheritance Tax Planning?
- To keep your assets within your family
- To protect your Nil Rate Band (the assets below the Inheritance Tax threshold) if you pass away or your partner re-marries
- To protect the assets that you want to pass onto your children / grandchildren
- To protect your assets for long term care
- To reduce Inheritance Tax
- To avoid Inheritance Tax
Our Wills, Trusts and Probate solicitors will look at your financial situation and help you plan to your exact needs what should be done with your estate. This will be a quick, clear and painless experience for you.
Contact our Wills, Trusts and Probate team who can arrange a meeting with you and talk you through the Inheritance Tax Planning process on 0161 926 9969.
