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Professional Will Writing Made Easy
Inheritance tax planning
What can you do about it?
Doing nothing is an option but is effectively donating your hard earned money to the Government.
When it comes to IHT planning we have to decide with the client what their life expectancy is likely to be. We have 7 year products, a 2 year product and a product which does not require survivorship at all.
The options we would recommend you consider are as follows:
We really need to sit down with you and discuss your situation, contact us to arrange an appointment.
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Soaring property prices have pushed many of us closer to the inheritance tax (IHT) bracket and you may not have realised it. If you are above the ‘nil rate’ band limit of £325,000 (2009/10 tax year) the tax man is likely to collect 40% of your estate above this figure. Paying tax is a fact of life, but with some careful forward planning you can avoid or minimise the impact and that has to be a worthwhile task on your part.