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Avoiding Inheritance TaxAnother vitally important reason to write a will and keep it up-to-date once you have is the need for inheritance tax planning. 40% of families now fall within the inheritance tax bracket. Without inheritance taxes planning more and more families are becoming trapped in the Inheritance Tax net each year. Rising property values have contributed to this as well as the general growth in value of peoples' estates meaning for a further number of people Tax Planning is a crucial part of writing a will. Do you qualify for Inheritance Tax?Did you know for instance that largely due to rises in property prices over the last few years, 41% of UK households now fall within the Inheritance Tax bracket with an estate that exceeds £285,000 (the current threshold)This means that if your estate is of a greater value than £285,000 it would mean your family would have to pay out a significant sum in inheritance tax after your death. Doing nothing is not an option. Which is why we encourage you to call Robert at Countrywide Legal Services on 0800 074 3968 or 07976 380 248 (Mobile) For a free initial telephone consultation to see we can help you plan your estate efficiently and as such, avoid falling into the Inheritance Tax pit. Through our advice will put in place some simple measures that help you avoid this unnecessary tax burden on your family.  |
