Inheritance Tax and Planning around the subject has always been a minefield. Understood by a few and talked about by many!
In the last few years the subject seems to have dropped of the ‘radar’ of many Financial Pundits as they all seem to think that the issue of Inheritance Tax Planning and Inheritance Tax Advice is no longer needed by most of Middle England. How wrong could they be.
There are several aspects that need careful consideration before your estate can effectively use the Dual Nil Rate Band which is why no one is still talking about this area of planning, and this is the catch. New Labour have a habit of giving in one hand and of course taking away with the other.
These are the areas where you need to be concerned.
You are a Widow/Widower and have since remarried.
You are living together and are Not Married.
You have a Business or Own Joint Assets
You have Children and overall assets of over £300,000 at the moment (we are not talking about the threshold for IHT which is £325k for 09/10)
There is a chance you might need Nursing Home Care at some stage in the future.
If any of these apply to you, there is action you can take and there are things you need to do before you can safely say you are safe.
We of course are happy to provide advice and guidance in this area, and have the services you need to make this problem go away.
You can contact me on the form below or you can call on 0800 781 2031 for a further discussion.
Richard Smith