Peter Lee (Wills and Estate Planning) Limited

Inheritance tax

Inheritance tax is a tax which may have to paid when you die based upon a mixture of the nature and value of assets you leave, like your home, investments, cash, and possessions (usually described as your “estate”) and the identity and classification of those whom inherit your “estate”. There are some key exemptions which apply to gifts between spouses or civil partners or gifts to charity and many allowances, such as gifts involving business interests.
Subject to certain exemptions and allowances the Inland Revenue may be entitled to receive up to 40% of your estate. I can help you and your family plan, with a view to significantly reducing the Inheritance Tax which may otherwise be payable from your estate.

Long Term Care Issues
One in four women and one in six men may require some form of long term care in the future. Last year, thousands of homes were sold to pay for long term care. We help clarify your position and also explain how, in suitable circumstances, you can plan ahead to protect your estate and assets from this scenario.