Understanding Inheritance Tax can save loved ones hundreds of thousands
Inheritance Tax is the tax placed on someone’s estate (including property, money or possessions) after they have died.
Normally there’s no tax to pay if either the value of the estate is below the £325,000 threshold, or, if you leave everything above this figure to your spouse, civil partner, a charity or a community amateur sports club.
Knowing how to manage the inheritance tax on your estate provides peace of mind not just for you but also for your family. Inheritance tax can potentially cost loved ones hundreds of thousands of pounds, yet it is possible to avoid paying large sums of it.
Our inheritance tax and power of attorney webinar is an invaluable guide that will help you understand all the available options and avoid pitfalls that may arise after you have gone.
The webinar will be hosted by Catriona Lumiste from Financial Care Solutions, who are a member Society of Later Life Advisors (SOLLA), and topics covered will include:
- How can I minimise the amount of inheritance tax my family may have to pay when I die?
- How much am I allowed to give away in my lifetime?
- What is a Power of Attorney and do I need one?
- Can a Lasting Power of Attorney make gifts on my behalf if I need to go into care?
The webinar take place on Tuesday 27th April 11.30am and Thursday 29th April 11.30m. To reserve your place for either date please call Jackie Cridlin on 020 3943 8254 or email . A link will then be sent to you to access the webinar.