Wills	Deed of Variation	Gifting	Trusts

Do you remember the old saying ‘There are only two certainties in life, death and taxes’.

Successive governments of each political party have taken a larger percentage of tax revenue from the dead, after all, the dead cannot vote. But when inheritance tax is charged at 40% on your worldwide wealth above the nil rate band, the chancellor is in effect re-writing your life so that you are leaving a significant part of your estate to a greedy child.

Clients have worked hard during their life to accumulate wealth, paying taxes on their income and capital gains so that they can enjoy a lifestyle better than their parents and want to leave behind a legacy that allows their children to go on and enjoy further improvements in their lifestyle.

The governments taxing of an individuals wealth at 40% above the nil rate band can seem unfair, with the substantial rise in property values over the last ten years, this tax is being paid by a very different person to those targeting when the tax was first introduced.

In addition, the Capital taxes office demands that the Inheritance tax bill is paid before probate is granted. This means that many beneficiaries are actually forced in to debt to raise the money to pay the tax before they can have access to the legacy that has been left behind.

At Alexander Calder we offer all clients a free initial consultation. There we will then assess the likely value of your estate and the extent of your estates potential liability. We will discuss with you your future needs for capital and income before developing an inheritance tax management plan that is tailored to you specific circumstances and needs.

Inheritance tax is… ‘Paid by those who distrust their heirs more than they distrust the taxman’ (Lord Jenkins).

To arrange your free initial consultation contact Alexander Calder today and an adviser will arrange to meet you at a time and place convenient to you.