Inheritance Tax Explained - by Alison Courtenay
Everyone is impacted by tax throughout their life. However not everyone is aware of the tax that can impact their estate and their loved ones upon their death. Our video blog explains more.
Often people think it will not impact them because they are leaving everything to their spouse or that they believe they do not have enough money.
In this video blog Alison Courtenay, the Head of our Private Client Team, will explain the basics and answer some commonly asked questions about Inheritance Tax. Alison will explain what Inheritance Tax is and when it could affect you, or an inheritance you are due to receive.
Whilst we are not financial advisors, and we will refer you to take financial advice as appropriate, the knowledge of Inheritance Tax is vital for anyone thinking of drafting their Will or planning for their future and their estate.
Decisions you make whilst still alive can directly impact how much tax will have to be paid out of your estate including making gifts to family and friends. Alison also talks about the current allowances under which you do not have to pay Inheritance Tax and some pitfalls to be wary of.
Here at Watson Thomas we want to provide clear and concise advice to our clients so that they are well informed in the decisions they make for their future.
This ensures that we provide the best service possible and that our clients have a straightforward process in making their Will and estate planning.
If you would like some further advice then you may wish to book in for one of our free initial appointments. One of our team will be happy to assist you with your enquiry so feel free to call, email or come into to one of our offices. If you would like to proceed then we will be able to provide you with our quotes at that appointment depending on what option is best for you.
Watson Thomas Solicitors have offices in Fleet, Guildford, Winchester, London, Bracknell, Camberley, Farnborough and Woking.
Watson Thomas are a dedicated team of Family Lawyers who specialise in all aspects of family law.