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Good Inheritance Tax planning allows you to maximise your assets to your family and friends.

Inheritance Tax is tax that may be payable on what people give away during their lifetime or when they die. Everyone is allowed to give assets of a certain amount exempt from Inheritance Tax, the so called Nil Rate Band. For the current Tax Year the Nil Rate Band is set at £325,000 (2020/2021). In addition to the Nil Rate Band, your estate may be eligible for a further amount exempt from Inheritance Tax - the Residence Nil Rate Band - when your residence is passed on death to one or more direct descendants. This measure has come into effect for relevant transfers on death on or after 6 April 2017. 

If there is a possibility that Inheritance Tax may be payable on your death, careful planning of your estate may reduce the bill. Although Inheritance Tax laws are now in favour of married couples or those in a registered partnership, the need to take appropriate tax planning measures is still necessary for many of us. Inheritance Tax planning is even more important for unmarried couples as they cannot automatically make use of the same favourable tax regime that married couples and registered partners are entitled to. 

We work with a small number of carefully selected Financial Advisers and Accountants who can provide additional expert assistance when it comes to Estate and Inheritance Tax planning. Should the circumstances so require, then with your permission we can introduce you to one of our trusted advisers and work closely with them to ensure all arrangements complement each other. 

Contact Cambridge Wills & Legal Services to find out more. 

Excellent in every way. Our family circumstances were reviewed and understood - the options were provided and discussed - the delivery of the Wills was on time. Unusual in this day and age to have such exceptional service.
Anthony Ekins, St Neots - November 2019
Very good value for money. Friendly and professional.

Mrs S.M., Cambridge - January 2020
Having provided such a great service for my parents, it was only natural that I use Cambridge Wills. A friendly and professional service that I would highly recommend to others.
Kay B., Cambridge - June 2019
Friendly, knowledgeable and efficient. We are very happy to recommend Cambridge Wills where we can.
B. and H., Bury - December 2019
Excellent service. Very professional and friendly. Thoroughly recommended!

Peter and Helen H., Swaffham - February 2019
Excellent, professional service. The whole process was made simple and straightforward. I wish we'd done this years ago!
Mr and Mrs J., Over - April 2019
Cambridge Wills & Legal Services made a tricky process run very smoothly. Friendly and professional service. Highly recommend. Thank you.
Mr and Mrs K., Great Cambourne - December 2018
An informed, practical and professional service that I can wholeheartedly recommend. Thank you for making the rather weighty business of making a Will and LPA easy to understand and complete.
Dr J.C. - April 2019
Excellent service - would recommend to everybody.

Nico and Sheila Rodenburg - March 2020




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