Inheritance Planning

It is not a good idea to assume that Inheritance Tax only concerns the wealthy!

Inheritance Tax is a tax payable on your estate after you die if it exceeds £325,000 (the current value, Tax year 2010). Your estate is the net value of all assets you own, minus your debts. Inheritance tax is currently charged at 40% on estates above this threshold. Significant rises in property prices means that many more of us now face potential inheritance tax liabilities. Add up the value of your house, savings, investments and personal effects, and you may be surprised by just how much you are worth!

Through careful planning you could reduce, or even eliminate, a potential inheritance tax liability ensuring your estate is administered in the most effective way.