Estate planning, people will have an Inheritance Tax liability by simply being a home owner. If you own more than £325,000. Then, that is taxed at 40%.
Things that might count towards your estate include:
•Property or investment buy to let property.
•Investments, Unit trust, bonds
•Life insurance policy’s
•Payment from a pension plan or employee death benefit (unless in a trust).
•Other assets, for example, cars, art, jewellery, furniture.
•Even gifts you have made in the last seven years.
Without the right estate planning, inheritance tax could substantially
You should consider writing or checking your Last Will and Testimony is suitable, you should probably include some form of Power of Attorney (LPA) as well.
For more specific help and to talk through you options, call our team of expert advisers today
