A lifetime worth of hard-earned money and assets could be subject to a significant inheritance tax bill of 40% upon death if a person never took the opportunity to put their affairs in order.

At Evans Derry Solicitors, our friendly and experienced Wills and Probate team will be happy to provide expert legal advice and ensure that you are protected as best as possible when it comes to inheritance tax matters. 

Our team can advise on the preparation of various types of wills, ranging from basic to more complicated Wills involving trusts. Your Will will allow you to cater for your loved ones and ensure they receive gifts left to them, whether this be a family heirloom, token of remembrance or a monetary gesture. We will advise you on your current position in relation to inheritance tax and inform you on how to obtain maximum benefit from the government provisions by leaving your estate in the most tax-efficient manner.

Our team will also assist in dealing with the estate of a loved one after they have passed away. We understand how this can be a difficult and emotional time and aim to make the legal procedure as smooth and simple as possible. Our involvement will give Executors satisfaction that the probate application, including the inheritance tax forms, have been completed correctly, therefore avoiding unnecessary delays in the distribution of the estate. As we see a continuing rise in property values, many estates could be worth more than £325,000; this being the current nil rate band threshold upon which no inheritance tax is payable. Where applicable, we will be able to apply further reliefs such as the transferable nil rate band, residence nil rate band, charity exemption, agricultural property relief and business property relief to minimise the inheritance tax liability on the estate. 

For further information or advice, call us today on 01675 464 400. Your peace of mind is just one friendly conversation away. 

By Ayesha Akbar, Trainee Solicitor