Finding the IHT solution for you
Inheritance Tax is charged at a rate of 40% on the value of assets, over and above £285,000, left by a person on their death. Simply put, anything below £285,000 is Inheritance Tax free; anything over £285,000 may be taxed at 40%. Fortunately, Inheritance Tax, though a complicated area, is one of the most avoidable taxes. Through a number of measures we can help you to minimise your liability if not remove it totally. Trusts can also play an important part in this strategy.
A professionally drawn Will, together with proper tax advice, are the best ways to ensure that your Inheritance Tax liability is reduced and ensure your estate goes to those you intend. Your solicitor will be happy to discuss your options in confidence.