planning for Inheritance tax
It may seem callous to bring up the question of Taxation in a website designed to assist on bereavement. However we make no apologies for bringing this subject up as thousands of families are now finding Inheritance Tax is eating into the inheritances of children. This is beginning to happen to families who do not consider them selves to be wealthy. It is usually possible by some pre death planning to reduce or even totally avoid payment of this tax. But the necessary steps have to be taken by parties prior to their own deaths. This is just something to be dealt with.
Inheritance Tax is complex and it is not easy to give simple examples of the savings which can be achieved. Basically any individual with an estate over £325, 000 - and remember that includes a house – should seek advice on whether or not steps to mitigate tax could our should be taken. Our member firms are happy to consult on this issue
If you have any questions about the services that we offer please do not hesitate to contact us or telephone on 0800 152 2037
we have produced a list of specially selected sites that you may find useful
we have provided a comprehensive glossary of all legal terms that you may come across while dealing with a bereavement.
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GuidesInheritance Tax ( 241Kb)
Planning for Care Costs ( 229Kb)