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Inheritance Tax Planning

Inheritance Tax is charged on a person’s estate at the time of their death, but the first £325,000 is exempt – anything above this is taxed at 40%, and additional exemptions may be applicable depending on an individual’s circumstances. It is therefore important to organise your affairs in a way which minimises the amount of tax that your relatives may have to pay.

We can make sure that your Will protects your business interests and secures the family home, as well as advising you on how best to ‘gift’ your wealth to others. Gifts to spouses, civil partners and charities are exempt – but those paid into trust may be chargeable.

Inheritance Tax is not automatically deducted immediately after death. For beneficiaries, there are also ways to reduce the tax payable from the your estate, if services are sought within two years.

To make an appointment to see one of our experts, Dagmara KulzczykowskaAmye ArisJenny MacDonald or Karen Ward, please call on 01908 689317 or contact us.

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Client testimonial

“I would like to express my appreciation for the very efficient manner in which you have handled this matter for us, and would certainly have no hesitation in recommending Geoffrey Leaver Solicitors”.

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CASE STUDY
We advised a client whose father had died, leaving him the sole residuary beneficiary of his estate. The firm prepared a Deed of Variation to the father’s second wife’s will and his father’s will so as to mitigate the amount of capital gains tax paid out on the eventual sale of the property our client had inherited from his father’s estate. We were also able to claim the transfer of the unused nil rate band from the client’s mother’s estate, resulting in no inheritance tax being payable in the father’s estate

The Private Client Services Team

  • Dagmara Kulczykowska Partner
    Private Client Services 01908 689341
    Dagmara is Head of the Department and has many years of experience in all aspects of private client work. Dagmara’s strengths are working with families on very sensitive and emotive matters, providing them with specialist legal advice. She ensures clients are supported but also advised clearly and comprehensively on the legal issue(s) at hand so that they can make an informed decision.

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  • Amye Aris Solicitor
    Private Client Services 01908 689317
    Amye is part of the Private Client Services Team and advises on all aspects of Private Client work in a range of matters relating to the administration of estates, Wills, Lasting Powers of Attorney and Deputyship applications.  Amye also has residential property experience.

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  • Jenny MacDonald Paralegal
    Private Client Services 01908 689317
    Jenny is a Paralegal in the Private Client Services Department supporting Dagmara Kulczykowska in a range of matters relating to the administration of estates, Wills, Lasting Powers of Attorney and Deputyship application.

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  • Karen Ward Senior Private Client Executive
    Private Client Services 01908 689374
    Karen is a Senior Private Client Executive and Fellow of the Institute of Paralegals. Karen joined Geoffrey Leaver Solicitors in October 2018 having worked in the Private Client sector since 1997 for solicitors and banking institutions.

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