We're a countrywide network of law firms with all the expert resources needed to provide specialist legal advice on a local basis for individuals and businesses alike.
How can inheritance tax be avoided?
1
It is important to know there are many entirely legal ways of making sure those who stand to benefit from your Estate do so – and avoid any unnecessary inheritance tax (‘IHT’).
- You start by preparing what we call an ‘inheritance tax efficient Will’ – this needs to be very carefully worded
- You can also make gifts before you die in a way that will save any inheritance tax due
- You can think about maximising your use of potentially exempt transfers (or ‘PET’)
- Gifts to your husband, wife or Civil Partner are free of any inheritance tax – if they die before you it may be possible to transfer some of their ‘unused’ tax free allowance to you thereby reducing any tax due when you die
- There are also special rules covering any gifts you make to charity
- With larger estates we look at whether we should put some of your property being in to ‘trust’ - this can again be used to save tax but we can explain this in more detail if this applies to you
Your local legal experts
Why QualitySolicitors?
With QualitySolicitors your first initial assessment is free, so you can call us without worrying about being charged for a call you might not have actually needed to make. And because we place our clients are at the heart of everything we do, we make these five customer service promises to make sure you'll feel properly looked after.
This is why, in the first instance, most people looking for legal help in relation to a 'Home And Property' call QualitySolicitors for a Free Initial Assessment over the phone before requesting our Ask the Legal Expert service; which is an introductory 45-minute face-to-face consultation for £99.
Have you ever wanted to just ask a lawyer if they can help you, without worrying about what it may cost to contact them? If so, call QualitySolicitors and together we can work out what your next steps might be... in confidence, at no cost and with no obligation. At QualitySolicitors, our Free Initial Assessment promise puts you directly in touch with a local law firm who will happily talk to you for free to clarify how they can help you.
Find out moreUsing a solicitor doesn’t have to involve any unexpected costs. We promise to confirm the full costs you can expect before we begin any work and keep you informed throughout. And we won’t start any work until we know you’re happy with our estimate.
Find out moreNeed a lawyer who’ll get in touch when they say they will and not leave you in the dark? Good news – we promise to you, our clients - call or email us by 3pm, Monday to Friday and you’ll hear back from us the very same day. And if we can’t give you a full response straight away because your question needs further investigation, we’ll always let you know and give you details of exactly when we’ll next be in touch.
Find out moreQualitySolicitors law firms know that when you need to meet with a solicitor, finding time during office hours can prove impractical. So we thought we’d help by offering flexible opening hours; simple!
Find out more