"I'm not worth a lot" is a phrase you may have heard, or even spoken yourself. The truth is, none of us know how much our estate will be worth when we pass away. But if the total is more than £325,000 your estate may have to pay Inheritance Tax on the money.
£325,000 may seem like a generous allowance, but with property prices rising, anyone who owns a property and has other assets could easily have an estate that faces a large tax bill when they pass away.
That's why at Castle Family Legal we tailor our advice to do the best for you, for your estate and for your loved ones. From specialist Wills that can maximise your tax-free allowance, to ways to reduce your estate's Inheritance Tax bill, we're able to offer an all-round service to everyone.
Our strategies include using Trust Wills to protect your nil-rate band, making use of the Residence Nil-Rate Band, implementing lifetime gifting strategies, and ensuring married couples transfer their full allowances.
Contact us today for a free consultation to find out how much you could save your family in Inheritance Tax.