Wills, Tax and Trusts solicitors dealing with Inheritance Tax planning in Dorset
In simple terms, inheritance tax is the tax payable on your estate when you die if the value of your estate exceeds a certain amount.
Currently, inheritance tax is charged at 40% on the value of estates above the threshold (nil-rate band) of £325,000, subject to any exemptions and relief that may be available.
Your estate is basically the net value of everything you own - all your assets minus any debts.
Without proper tax planning, many people can end up leaving a substantial tax liability on their death - considerably reducing the value of the estate passing to their family or chosen beneficiaries.
Our dedicated specialists can review your financial position and offer expert advice on your options.
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