A lot of homeowners and property investors want to know that, once they pass away, their dependants will be taken care of financially through their estate.
Similarly, those without dependants often want to ensure that they are able to leave family or friends some form of inheritance, whether that’s through money generated by the sale of the property, or by passing the home on to them. Our specialist advisers can guide you on including your property in your will so that your investment is properly protected for your loved ones.
When you make your property part of your will, you not only have to think about its current and future value – if your estate is worth more than £325,000, you also have to consider the implications of Inheritance Tax, which could see the recipient paying a tax of 40 per cent on any value above the current £325,000 threshold. We’ll help you calculate how much Inheritance Tax would have to be paid on your property, taking into account the changing state of the property market, and help you plan accordingly with a well-thought-out will.