IHT Tax Free Allowances With Inheritance Tax carving out a whopping 40% of your taxable estate, it may be reassuring to know that there are certain tax reliefs that you can utilise to bring down your Inheritance Tax bill. What can you do during your lifetime? It is a common misconception that if you gift...
Understanding personal representative liabilities Often people are unaware of the personal liabilities that can be faced when acting as a personal representative for a deceased’s estate. This post will explain these liabilities and why professional support can be needed. What is a personal representative? A personal representative is a person or group of people appointed...
Inheritance Tax (IHT) is often considered a complex aspect of estate planning, but several reliefs exist to help reduce the amount payable. Properly utilising these reliefs can make a significant difference for beneficiaries, but navigating the rules can be challenging. That’s where experienced solicitors, such as WT Solicitors, can offer valuable assistance. Below, we will...
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