Inheritance Tax Planning & Will Writing
Despite changes announced by the Chancellor of the Exchequer in 2007, Inheritance
Tax remains a major issue for many families, not just the very wealthy. If you own
a house and hold shares and other financial assets, your estate could still well
exceed the threshold level (£312,000 tax year 2008 / 2009) and become subject to
IHT. In most cases, it is possible to plan your financial affairs to help ensure
that any IHT liability is minimized so that your beneficiaries receive as much as
possible from your estate.
Like you, we see it as important that you and your family preserve your assets as
they pass from generation to generation. Our advisers can help to make sure that
your estate is distributed in the way you would wish. Making a will is key to this
and its terms need to exploit the appropriate tax mitigation opportunities. This
may involve identifying the most appropriate products or investment vehicles or
establishing Trusts to protect assets for your beneficiaries.
You may wish to involve your solicitor in these processes. Park Row is pleased to
work with legal firms to provide estate planning solutions that mitigate Inheritance
Tax. We can also assist with provision for any long-term care needs that may arise
in future.
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The FSA does not regulate Taxation
and Trust Planning and Will Writing
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