Rising levels of home ownership and the value of homes mean more and more people are likely to be caught in the net of inheritance tax. In fact, if you have assets worth more than £325,000 when you die, your family and other beneficiaries may be faced with a bill for inheritance tax at a rate of 40 per cent for everything above that sum.
This means that if you own a home, have land , savings, or investments, a sizeable proportion of your estate could go to the government. But it is possible to take action now that will minimise the amount of inheritance tax you would have to pay.
At Poole Alcock, we will work with you to identify all of your assets, discuss your wishes and advise you on the best steps to minimise a potential inheritance tax bill.
The Poole Alcock team includes members of the Society of Trust and Estate Practitioners, who are able to advise on the most complex planning matters.
If you would prefer, you can contact us on 01270 625478.