Complete Wills’ Post

Inheritance tax isn't just for the ultra-wealthy—it could impact more estates than you think. In our latest blog, we explore key thresholds, allowances, and strategies to help you understand and plan for inheritance tax effectively. Your legacy matters. Let us help you secure it for future generations. https://lnkd.in/gvQnWKVs #ClevedenParkWealth #EstatePlanning #Inheritance #FinanciaPlanningGlasgow

Wondering about 'Taper Relief' in Inheritance Tax? It reduces the tax payable on gifts made 3 to 7 years before death. Connect with us via our website to understand how it impacts your estate planning. #InheritanceInsights💡 👉🏻 framekennedy.co.uk

Who pays Inheritance Tax (IHT)? Inheritance Tax is charged on estates exceeding certain thresholds, often catching families off guard. However, with the right planning, much of this tax can be legally minimized. In the recent budget, the chancellor has extended the freeze on the nil rate band (NRB) and residential nil rate band (RNRB) until April 2030, affecting how much can be passed on tax-free. With strategic planning, you can protect your estate. Let our team show you how. 👉 Learn more: https://lnkd.in/eaWwbX7N #InheritanceTax #IHT #EstatePlanning #TalkMoneyWeek

Estate and inheritance taxes can significantly impact the wealth you pass on to your loved ones. Estate tax is levied on the total value of your assets at death, while inheritance tax is imposed on beneficiaries receiving their share. Each state has different rules, and the federal government imposes its own estate tax if your estate exceeds a certain threshold. Without proper planning, your heirs could face a substantial tax bill, potentially reducing the value of what you intended to leave behind. Understanding how these taxes work and consulting with an experienced estate planning attorney can help ensure your hard-earned assets are preserved for future generations. Follow us for daily estate planning tips Share this with your @ #EstatePlanning #InheritanceTax #LegacyProtection #WealthManagement #FinancialPlanning #Trusts #Wills #FamilyFirst #ProtectYourLegacy

Until recently, inheritance tax was traditionally seen as something only the truly wealthy were affected by. However, over the last few years, property prices have surged, and consequently, more and more families now have to deal with the often complicated world of inheritance tax. It’s important to know how much IHT you’ll be responsible for and the best strategies to reduce your burden. Read on to learn more. https://buff.ly/4ec2w0j

💷 Inheritance Tax: Don’t Let It Catch You Out! 💼 Did you know that in the UK, inheritance tax could take 40% of your estate over the £325,000 threshold? 😱 But with the right planning, you can legally reduce or even eliminate this tax burden. 📊 Gifting, trusts, and reliefs are just some of the tools available to protect your hard-earned wealth for your loved ones. 💡 Don’t leave it too late! #InheritanceTax #FinancialPlanning #WealthManagement #UKFinance #TaxTips #wirralbusiness

If your estate has an inheritance tax liability, your beneficiaries will have to pay the inheritance tax bill. This may not be the kind of legacy most people think of leaving behind. The good news is that there are plenty of things you can do in your lifetime to take care of a potential inheritance tax problem. But finding the right options for you will depend on your personal circumstances. In this guide, we set out some of your options in more detail to help you make an informed choice. Read the guide on our website: https://bit.ly/3VSWGdn

If you thought inheritance tax was just for extremely wealthy people to worry about, think again. Rising property prices mean more estates than ever are likely to face an inheritance tax bill. In fact, the amount of inheritance tax collected is expected to reach £9.7 billion by 2028-29. Although often in the news, inheritance tax is still not widely understood. That’s worrying because it affects thousands of families every year. We hope our introduction to inheritance tax guide helps explain the topic (Link to the guide👇). You can also find out more on our website or from speaking to your financial adviser: https://bit.ly/3VSWGdn

💭 Do You Know Your Inheritance Tax Allowance? Inheritance Tax (IHT) can have a big impact on the wealth you pass down. In the UK, you can leave up to £325,000 tax-free, known as the nil-rate band. If you’re leaving your home to direct descendants, an additional £175,000 allowance (residence nil-rate band) may apply, giving a total allowance of £500,000. For married couples or civil partners, these allowances can be combined, potentially reaching £1 million. Understanding these thresholds is vital to avoid unnecessary taxes. Get expert advice and plan today! #InheritanceTax #EstatePlanning #FinancialSecurity #WealthProtection #EstatePlanning

Repetitive inheritance tax can erode your family’s wealth across generations. Without planning, £1,000,000 can very quickly shrink to £360,000 due to £640,000 in taxes. Most people want to avoid paying inheritance tax completely. The thought of your loved ones paying a further 40% tax is scary. Secure your family’s future. #EstatePlanning #WealthPreservation