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We spend a lot of time talking in confidence to our clients about their property, their families, values and tax. Not everyone wants to think ahead but it can be very reassuring to know at the back of your mind that you have made arrangements to help your family and those with the responsibility of settling your Estate whenever that ‘distant’ date comes. Quite often even now people have not made their Will which can cause distress, confusion, even conflict and cost to the family when the Estate has to be sorted out.
IHT if applicable is expensive – at a potential rate of 40%. The Government hint they are reviewing it but they still need tax income so it is still likely to feature. Careful consideration is wise to tell you how best to cater for this, without forgetting of course that you have a lifetime to provide for first – so the answer is not necessarily to give your entire wealth away in order not to pay tax! Your solicitor and accountant can help too but our role may apply with our knowledge of values as well as understanding the rules and the process and very often knowing our client and the family personally over many years.
Please contact us if you would like a confidential consultation on 01722 424515 or email email@example.com.