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Inheritance tax is the tax paid on assets that are left when someone dies. It could have an impact on your estate if the total value of your assets, less the total value of all of your debt, is greater than the inheritance tax threshold. The number this sum produces is known as your net estate value. The tax threshold at which your estate may bear inheritance tax is currently £325,000. It is payable at a flat rate of 40% on the value of your net estate on your death on sums that are over this threshold. Our team of inheritance tax planning solicitors can help you plan ahead to ensure that you explore all the potential qualifying tax reliefs and tax exemptions that may be available to you and your family, and minimise the impact of this tax on your estate.
Every person’s situation is different, which is why we provide a comprehensive tax service which is tailored to you, including:
- Capital gains tax planning
- Wills
- Lifetime gifts
- Inheritance tax planning
- Planning for care home fees
- Tax implications of marriage and divorce
- Tax residence
- Trusts
In 2017 we received the Law Society’s prestigious Excellence in Private Client Practice award for our work in this area of law.
We offer fixed-fee packages and other pricing options to suit your needs, and are happy to have an initial chat without obligation – contact us today.
Testimonials
Knowledgeable and super helpful. I can’t recommend Simon highly enough. I needed quite a complicated legal agreement for a planning application at very short notice and he was really efficient and professional. From outset I felt very confident and reassured that he could get it done.
I cannot praise Wollens Barnstaple branch highly enough for excellent, professional service when selling and purchasing property. I would happily recommend them and intend using them again for further legal matters. Thank you so much Andrew Wood for making it all such a smooth and stress free process.
2nd transaction Andrew has helped us with – very easy to deal with, friendly, helpful support staff and overall good value. Would highly recommend
I was very pleased with the service provided for the recent sale and purchase of my properties. Andrew was very approachable, informative and efficient in dealing with my enquiries during the process which all helped for both transactions to go through smoothly. I would definitely recommend Wollens with no hesitation. Thank you
We had not had to seek advise on this matter before, Rhoda conducted the work in a very professional and clear way. Her work with our agent bought the matter to a very successful conclusion.
Rhoda and her team reacted to and responded to all my and the other party’s emails in a fast informed and efficient manner. Definitely a professional firm of solicitors I will use in the future.
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