With the introduction of the Residential Nil Rate Band married coupled can now expect tax relief of up to £900,000.00 on their combined estates. Are your assets structured to take advantage of the tax reliefs available? Whether you are married or not there are several ways to reduce your Inheritance tax liability including the creation of Trusts, Potentially Exempt Transfers/Gifts and investing your estate in certain assets. The rules surrounding these areas are complex and you should seek specialist advice to ensure you do not pay more tax than you have to and protect your estate for future generations.
After the death of a close family member it can be overwhelming to be left in charge of their estate, but the winding up of Executries and Trusts needn’t be a prolonged or arduous task. At George and James Oliver WS we pride ourselves on guiding Executors and Trustees swiftly and skilfully through the paperwork and obtain closure on the estate as soon as practically possible.
