For Inheritance Tax Advice freephone Lifesearch on 0800 316 3166 and mention Mortgage Arrangers when asked how you heard of this facility ( in order to be called back by a Financial Conduct Authority regulated adviser).
LifeSearch is An appointed Representative of Baigrie Davies &
Company Limited, who are authorised and regulated by the Financial Conduct Authority.
Mortgage Arrangers is not part of the same group as LifeSearch, and Mortgage Arrangers is not charging a fee to the client for the introduction.
E-mail: Mortgage Arrangers
With over two million homes now breaching the
inheritance tax threshold, anyone who is affected by this should consider
planning and preparation.
The Inheritance Tax payable is projected to double between 1996 and 2006, from £1.6 billion to to a projected £3.4 billion
A properly drawn up will, coupled with professional tax advice is the key to avoiding and preparing for the inevitable inheritance tax bill.
Life assurance policies are an effective, and relatively simply way of catering for inheritance tax liabilities.
When a life assurance policy is taken out, it can be written in trust for specified beneficiaries. On the death of the life assured, this can avoid the proceeds becoming part of the deceased's estate for Inheritance Tax, and avoid a tax liability of 40%.
Life insurance can be written in trust. This applies mainly to "whole of life" policies. In the case of married couples, for example, a policy would be written on both lives, which pays a death benefit on the second death (joint life, second death) - when inheritance tax issues would arise.
The premiums are potentially exempt transfers unless they fall within the client's annual gift exemptions, £3,000 when combined, or are treated as coming out of normal expenditure.
Gifting assets can reduce the liability.