It is easy to think that inheritance tax applies only to the very wealthy. However in many cases the value of the family home alone will put many into the inheritance tax bracket, add in a second home or a home overseas and the figure starts to add up!
Reviewing your wealth and your future plans is a worthwhile exercise for most of us. Making sure that you have a valid and up to date will and making sure that your wishes on death are clear can be invaluable to your family.
Lifetime IHT planning does not have to be complicated.
Significant IHT savings are possible by making regular use of available reliefs and exemptions. We will consider this in further detail in next weeks tax chat.
For more information, please contact Lesley Sutton on 01484 550037 or email firstname.lastname@example.org.