When trying to minimise the inheritance tax payable on your Estate by your beneficiaries there are many considerations and options to be taken depending upon the circumstances. Keith Park’s friendly and professional estate planning solicitors and tax planning solicitors in Liverpool and St. Helens are on hand to help.

Subject to your particular circumstances, the size of your Estate and various other factors, we can help you plan by providing you with a list of options and their advantages and disadvantages.

Following the change in the Law in October 2007, new provisions have been introduced allowing the surviving spouse to leave not only their own nil rate band to their chosen relatives buy also any nil rate band unused on the first spouse’s death. This could mean that a surviving spouse can leave up to double the nil rate band at the date of their death, i.e. £325,000 x 2 (figures for 2010/2011). Estate and tax planning solicitors will uncover such provisions for you.

If someone has died without leaving a tax efficient Will or has died without making a Will, it may still be possible to rearrange the way they have left their assets including jointly owned property, to posthumously taking advantage of the tax exemptions that are available. There are strict time limits within which this can be done; therefore enquiries should be made as soon as possible.

For further information about how our estate planning solicitors or tax planning solicitors in Liverpool and St. Helens can help you, please contact us on 0800 195 5218.