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Planning for inheritance tax and care fees

If you are concerned about inheritance tax and nursing home fees eating away at your hard-earned money, we can advise you on ways to preserve your home and other assets.

There are a number of steps that you can take when you make a will, which our wills and probate solicitors in Lichfield and Cannock, Staffordshire, can advise you on.

When making a will, you have an opportunity to try and minimise the inheritance tax liability for your dependants. There are many ways this can be done such as drafting your will to make full use of tax saving measures, including maximising your tax allowances and potentially exempt transfers.

Married couples could save a substantial amount of inheritance tax, simply by making joint wills coupled with good legal advice.

By changing the way you own property and use of life interest trusts, your will can also protect against your property from being swallowed up in nursing home fees, ensuring that half of it will go to your children and not to the local authority.

Owners of agricultural and business assets in Staffordshire will need specialist advice which we tailor to suit your needs.

Our specialist wills and probate solicitors in Lichfield and Cannock provide expert tax planning advice that saves you money and protects your inheritance.

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