MAKING A WILL (PART 2)

“An essential part of your financial planning”!

“Your Will lets you decide what happens to your money, property and possessions after your death. If you make a Will, you can also make sure you don’t pay more Inheritance Tax than

You still don’t have a will? (Part 1)

Save your family unnecessary distress at an already difficult time”.

“Your Will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a

Gifts without an Inheritance Tax liability

giftsHM Revenue & Customs allows you to make a number of small gifts each year without creating an Inheritance Tax liability. Remember, each person has their own allowance, so the amount can be doubled if each spouse or registered civil …

Assets that Pass on Free of Inheritance Tax

assets reliefInheritance Tax reliefs allow some assets to be passed on free of IHT or with a reduced bill. The executor of a Will or administrator of an estate should claim the reliefs when they’re working out how much the estate …