PROTECT Your Estate from unnecessary loss to Inheritance Tax and other potential claims

Over the years you may have worked hard and put some savings by for a rainy day.

Every step of the way you have seen the Taxman grab some of your income, your savings interest and your investment gains year on year.  .      

To add insult to injury, when you’re gone  the Inheritance Taxman is waiting to grab as much of your estate as he can!

The irony!...So many people innocently make this easy for him to do this. Why?

  *  Many people think  "Inheritance tax doesn't apply to me". 

   *  Others think "There is nothing I can do…just pay it".

IHT Rules are many and complicated

Few people fully understand the IHT rules; as a result, too many people end up paying many thousands of pounds to the Taxman. Hard earned money that should have gone to their children.

A Common Misconception 

It is commonly assumed that married couples or civil partners have a combined inheritance tax free threshold of £650,000 (Jan 2010). Hence if the final estate is £650,000 or less they assume that their children’s inheritance is safe from inheritance tax…...not necessarily so!

The Facts

Married Couples and Civil Partners effectively have exactly the same IHT threshold as single people;   £325,000 each (Jan 2010).

When the first spouse / civil partner passes away there is no inheritance liability spouse to spouse, civil partner to civil partner. It is on the passing of the remaining spouse / civil partner where any IHT liability now becomes an issue.

The "Joint" IHT threshold rule

In order to benefit from the FULL £650,000 threshold the final estate must PROVE any unused portion of the first spouse / civil partner’s IHT threshold at the time they passed away.

If they can prove any unused portion of that threshold it is carried forward to the estate of the second spouse / civil partner where it will be taken into account when IHT liability is assessed on the final estate ......Clear as mud?

 There is one thing crystal clear; if you cannot prove the unused portion then YOUR ESTATE WILL BE TAXED accordingly!

Tax Planning / Estate Maximisation

You have worked hard, may be gone without to save hard…don’t make it easy for the tax man…make it easy for those you love.

We can help you:

With the "Right" Will and Good Planning we can help you ensure that the MAXIMUM POSSIBLE goes to those you love…and as little as possible (ideally NIL) goes to those you don't!