Following your death, your Estate may have to pay Inheritance Tax if the net value is above the Nil Rate Band set by H M Revenue & customs. Inheritance tax is also sometimes payable on trusts or gifts made during your lifetime.
With no plans in place the tax liability could be 40% – that’s 40 pence in every pound – of everything you own above the current Nil Rate Band. However, through simple planning and professional advice you may be able to pay less tax on your estate and save you and your loved ones thousands of pounds.
For more information please contact us on 01625 850 888 or email email@example.com.