Inheritance Tax sometimes know as the “Death Tax” is given to all families with an estate over £325,000 * terms apply. In fact all estates are locked upward of £5,000 to see if tax for HMRC is applicable this process is called “Probate”

You need to make the first payment to the before 6 months of the date of death or the HMRC will start charging interest. However Probate usually takes 9 months to unlock the estate.

Many families believe, if we die the family home could be sold and pay any exposure! However as above the times don’t always match before charges are being applied. (And does not factor in how long it takes to sell a home!) Please also note you can not sell a property you do not own – so probate needs to be agreed first – then sell the house which can be a LONG TIME! This is why some families have to look at probate loans, bridging loans and other ways of raising funds which is not the most efficient, stress free or cost effective answer for usually a known problem. 

Life insurance is usually cheaper, quicker, gives peace of mind and stress free in comparison! A policy can be created so when nature is evil and there is a change the monies are made available TAX FREE and family can start rebuilding their world.

Golden Rock Solutions would be happy to talk Inheritance Tax planning to safe guard you and your family so they are not compromised for a know event in the future.

Golden Rock Solutions gives free advice and works as an independent advice so the feed back is tailored to you and your needs not just x1 company

Please get in contact for more informtion    

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