Estate Planning with DS Howell;
Allow us to protect your wealth.

Your loved ones will continue to be cared for into the future.

After working hard for most of your life to create and build your wealth, it is important to make sure it is protected after you are gone. With inheritance tax affecting thousands of families every year, you shouldn’t assume your loved ones won’t be affected.

According to the latest figures, the government is on track to receive the highest annual intake of inheritance tax receipts in history, with over £4,600,000,000 expected to be raised.

Inheritance tax will start to be paid when your estate is worth more than the inheritance tax threshold of £325,000, called the Nil Rate band. Recent changes in the law have allowed the threshold to be extended to £1 million; however your estate will need to be properly structured to take full advantage of the new rules.

The rate of Inheritance tax applied to estates above the indicated thresholds is currently set at 40%, so as you can imagine, this high tax rate can be very damaging to the amount your children or any other beneficiary may eventually receive.

Often labelled the ‘voluntary tax’, there are many ways to combat inheritance tax. At DS Howell we use tried and tested ways to protect your loved ones and help reduce the effects of the 40% tax rate. Please get in touch with one of our advisers to further discuss your circumstances.

Valuing Your Estate. What counts as your Estate?

  • Property you own
  • Bank accounts
  • Savings accounts
  • Investments
  • Vehicles
  • Any inheritance you have received
  • Life Insurance pay-outs, which aren’t subject to a trust

Remember to deduct your liabilities and anything you may owe. This can be offset against your assets.

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