In the event of your death, your beneficiaries
could pay inheritance tax at 40% on the value of your estate above £325,000.
If your estate including the value of your home is worth £500,000, that could mean a tax bill of £70,000.
For an estate of £1m, the tax figure could become £270,000!
Please click here to see our Intestacy Rules Flowchart or in other words, what happens to your estate if you die without a valid Will.
|For advice on the various ways of mitigating a potential inheritance tax liability, email our Tax Partner Darren Specterman or our Financial Services Director David Higgins on 020 8458 7427 or click on either of their names to send an email.|