Professional Will Writing & Estate Planning
Think your estate does not qualify for Inheritance Tax?
•If you have a life insurance policy or a death in service benefit you are probably wrong.
For most of us, our main asset is our home and we would expect that the total value of this would be passed to our loved ones when we die. So many people are shocked at how much of their inheritance is taken from them before they even see it! Before the dramatic increase in property values seen in the late 1980s and 1990s, without a corresponding increase in Inheritance Tax thresholds, many more people have estates that come within the Taxman’s reach. At present rates, the Taxman can take up to 40% of your estate - this makes estate planning all the more necessary and all the more urgent.