During the pandemic estate planning understandably has not been high on many people’s list of priorities, but now may be the time to take action.
Many are concerned that taxes will rise in the near future to pay for the costs of the pandemic. The next budget is expected in the autumn but could be earlier. In addition it seems as though the property market may slow or drop, and the FTSE100 remains at lower levels than seen pre-pandemic, which may make gifts of assets more attractive now.
For further information on Inheritance Tax and Tax Planning please view our guide here
or to discuss estate planning opportunities contact Katherine Hague on 01223 532749 or click here
to email Katherine.