Inheritance Tax can be a significant consideration, with everything over any above the threshold being subject to taxation at 40%. In order to mitigate this and help reduce the level of tax payable, it is worth considering the rules around gifting. Each individual has an annual gift allowance of £3,000 a year. Larger gifts can also be given, although these will only pass out of your estate after seven years.
As a local firm in Horsforth we understand our local community take the time to know your specific circumstances. Clients often find that the process of making a will with us a very useful one. Making a will involves a general review of an individual/couple’s personal circumstances, which can lead on to uncovering and addressing other issues that may affect them.
During the current Covid-19 we are able to take instructions over the phone and arrange social distanced meeting if necessary.
Your local specialist for Wills and Probate in the Horsforth area is…. Andrew Norton at Norton Connor Solicitors.Give Andrew a call on: –
Tel: 0113 2390088 or email: Wills@nortonconnor.co.uk