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Inheritance Tax Planning in Cheshunt-

inheritance tax planning contact

 

Inheritance Tax principally is tax paid as a result of your death on all your estate: house, savings, car, antiques, household items, life policies, cash lump sums, inheritance from parents etc. The first £325,000 is tax-free. Everything over £325,000 is taxed at a rate of 40%.

So, on a total estate of say £400,000, there would be a tax bill to be paid of over £30,000 . This is money that you will not be able to leave to anyone except the taxman! What could your children do with this?.

The very bottom line is whether you would rather give your hard earned money to the taxman or to your children/grandchildren.Let your local estate planner in Cheshunt- help you mitigate against Inheritance tax if at all possible.

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