Inheritance tax
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.
Contact Us
North, South, East or West. Wherever you are, we’ve got you covered. Contact us today for an informal chat, without obligation. We look forward to hearing from you.
South Devon
01803 213251
Exeter
01392 274006
North Devon
01271 342268
Wills, probate & private client news
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Wollens launches new Sports Law Division
Wollens are proud to launch this exciting new chapter in the firm’s development. Our new department is being driven by our sports lawyer Marco Floreale who has expertise in working with all types of sports people across the continuum of sports law.
Wollens is officially recognised as #72 in the UK 2023 Best Workplaces™
Great Place to Work ® have released to the top 100 Best Workplaces ™ highlighting small, medium and large organisations.
This year Wollens has been ranked 72nd in the country and the highest ranked law firm in the 2023 Best Workplace ™ medium organisations category. Great Place to Work ® are the global authority on workplace culture.
Reporting duties for a financial deputy
The judicial decision that the will of HRH the Duke of Edinburgh be kept private for the next 90 years highlights that a will generally becomes a public document once probate has been granted, open to be read by anyone with an interest in the estate, highlighting the importance of discussing intentions to avoid later challenges to the estate and to exclude any confidential information.
Wollens Solicitors Exeter – We have moved !
Wollens are delighted to announce that we have made our move from Cathedral Yard in Exeter city centre into new office space conveniently situated at Pynes Hill, Exeter. The new space has been fully refurbished and designed to create an inspiring, exciting, and...
Wollens Solicitors Exeter – we are on the move !
Wollens are delighted to announce that we will be moving from our current office at Cathedral Yard in Exeter city centre into new office space conveniently situated at Pynes Hill, Exeter, opening on Monday 27th March 2023. The new space has been fully refurbished and...
Charlotte McGregor appointed as new vice chair at Exeter Chamber
Wollens Partner and new vice chair of Exeter Chamber, Charlotte McGregor Wollens are delighted that Exeter Chamber has appointed Charlotte McGregor as its new vice chair. Charlotte has served as a board director of Exeter Chamber since November 2021 and joins Tim...
Probate and avoiding problems with chattels
Royalty payments often require more careful consideration than a lot of other estate assets and should be dealt with by a professionally drafted will.
Business planning and the importance of making a will
What is the Trust Registration Service?
