More Families Need Advice About Inheritance Tax Planning

Financial Consultants in the United Kingdom report that more families than ever are taking advice on cutting their inheritance tax bills as increasing numbers of families are falling in to the Inheritance Tax net.

Despite  the Government announcing, earlier this year that the thresholds of £325,000 for individuals or £650,000 for married couples would be frozen until 2018, 73% of all clients are still not focusing on inheritance tax planning. FDC Law’s Darrell Collins explains “Many people don’t realise that Inheritance Tax may have to be paid when they die, or that they can take steps to reduce the amounts paid, by taking suitable advice when they make their will”

For advice about tax planning and inheritance please contact the Private Client Team at Frome on 01373 469130  or Midsomer Norton on 01761 417575