Description

Without the right planning, the taxman could take up to 40% of your estate when you pass on.

IHT is payable on estates that exceed £325,000 (the Nil-Rate Band for 2014/15) in value.

It can cost your loved ones hundreds of thousands of pounds and may require the forced sale of your family home and other assets. It’s an added stress for a grieving family.

After years in which house prices have been rising and tax thresholds have remained constant, more people are exposed to IHT, many unknowingly.

The good news is that there are ways to legally avoid large IHT liabilities. With proper Inheritance Tax planning you can leave your beneficiaries as much as possible.

For example, assets left to your spouse or civil partner are exempt. Gifts to charity are also not subject to IHT.

On the other hand, money that you give away before you die will likely be counted as part of your estate if you die within seven years. Imagine the hardship that might cause to the beneficiary?

This is a complex area, so it’s best to get specialist advice. At Rathmore, our independent advisers are qualified and experienced in this area, so can help you to make decisions that are appropriate to your circumstances.

We advise on efficient strategies that can reduce your liability so you can pass on to your loved ones as much of your wealth as possible, with little delay or fuss.

Our costs
We charge £175.00 per hour.

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