Wills and Probate Solicitors
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Inheritance Tax Planning
What is Inheritance Tax?
After your death, Inheritance Tax is the tax that is due on any Estate valued over £325,000 (£650,000 in some cases, following changes regarding the increased threshold of married couples and civil partners that came into effect in October 2007).
Inheritance Tax is charged at 40% on all your assets over and above this threshold, and can include things like property, possessions, insurance policies and investments. You should also be aware that an estate can also include any of the deceased’s assets that are held in trust and any gifts that the deceased may have made during their lifetime.
If you would like to talk with one of our Inheritance Tax Solicitors regarding tax migration solutions and Inheritance Tax Planning, please call 0208 313 7809 or make an Online Enquiry and we will contact you.
Inheritance Tax Solutions
Inheritance Tax is a broad and complex area of law and it is advisable that you seek the advice of a specialist to assess your estate and any potential tax charges that may apply.
However with careful considered planning, it is possible to reduce the burden of Inheritance tax. MTA Solicitors LLP have a team of experienced Inheritance Tax and Estate planning solicitors who will present the best possible solutions to reduce your Inheritance Tax charges.
Our Inheritance Tax solicitors help create tax efficient Wills and Trusts, protecting clients wealth and transferring maximum gain to intended beneficiaries. We can provide all the advice you need on various inheritance tax solutions, exemptions and reliefs and can implement various strategies to protect your estate including:
- Intricate Wills structures to include property and discretionary trusts
- Advice on efficient use of annual exemption allowances
- Lifetime gifts to trusts and individuals
- Nil Rate Band Planning
This is a non exhaustive list, to find out how our Inheritance Tax solicitors can help you contact us today.
We are on hand to provide straightforward, up-to-date advice. We will assess your situation and provide advice on a number of tax migration solutions, creating bespoke tax planning strategies that are tailored to suit you and your circumstances. Our initial advice is free of charge, so for an informal, no obligation discussion Call 0208 313 7809 Or make an Online Enquiry with our Wills and Inheritance Tax Team.
Have you Drafted your Will?
It is vital that you draft a Will, as this is the only secure way to define who is to benefit from your property and possessions after your death. This avoids any discrepancies on how your estate is to be administered and any family disagreements or uncertainties which invariably follow when someone dies without leaving a Will. If you have not already done so, drafting your Will is the perfect opportunity to consider your financial circumstances and set in place your plans for any future arrangements including funerals, medical care, treatment and residential or nursing care.
Our experienced Wills and Estate planning department cover all the necessary aspects of Will writing and Estate Management and Planning, providing specialist advice and legal services on:
MTA Solicitors LLP is a leading national law firm, we have solicitors in Bromley, Kent London and Manchester. We offer a wide range of Legal services including: Personal Injury Solicitors, Employment Law Solicitors for Employers and Employees; Medical Negligence Claims Solicitors, Personal Debt Recovery and Commercial Debt Recovery and Driving Law Solicitors for individuals and businesses from anywhere in England and Wales.