So far, we have explored how to potentially save up to £650,000 from being taxed, now I am going to explain where the remaining £350,000 comes from!
With the introduction of the Finance Act 2006 the possibility of using lifetime planning for saving inheritance tax was severely restricted using lifetime settlements.
A survivorship clause is a clause in a will that makes a gift to a beneficiary conditional upon them surviving the testator by a set period of time.
Once a year the SWW organises an event for the benefit of its members and the wider estate planning industry. This event gives people a chance to come together to hear a number of engaging and relevant speakers and to speak to our carefully selected exhibitors. This year is no different.
By now you have probably heard about the Residential Nil Rate Band (RNRB), which has also been referred to as the Main Residence Nil Rate Band or simply ‘the family home allowance’.
About The Society of Will Writers
The Society of Will Writers is a non-profit making self-regulatory organisation whose primary objectives are the advancement, education and ethical standards within the will writing profession.
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The Society of Will Writers
Chancery House
Whisby Way
Lincoln
LN6 3LQ
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Tel: 01522 687888
E-mail: [email protected]
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Registered in England and Wales. Company Number: 02918900.
