Estate & Long Term Care Planning
Who Are We?
We have an affiliation to LEGAL SERVICES NETWORK who are a
professional will writing company, the first such company to become
members of the Institute of Professional Will Writers (IPW) in Scotland.
All wills prepared by LSN carry £2,000,000 worth of Professional
Legal Services Network work closely with banks, building societies,
accountants, financial advisers and employers to look after the
overall needs of their clients.
For employers we provide a valuable addition to their employee
benefit packages for the benefit of their staff.
We also deal directly with individual members of the public to
advise on Inheritance Tax issues, Asset Protection and all other
Here at Crieff Property and Mortgage Centre Ltd we have our own
in-house Estate Planning Consultant to advise on how to best plan
your estate, protect your assets and offer guidance on writing your
wills and power of attorneys.
What is inheritance tax planning?
At its simplest, inheritance tax is
the tax payable on your estate when you die if the value of your
estate exceeds a certain amount. Currently, inheritance tax is
charged at 40% on the value of estates above the threshold (nil-rate
band) of £325,000 (tax year
2009/2010) subject to any exemptions and reliefs that may be
available. Your estate is basically the net value of everything you
own - all your assets minus any debts.
Why do you need to plan?
Doing nothing is not an option.
Without proper tax planning, many people can end up leaving a
substantial tax liability on their death, considerably reducing the
value of the estate passing to chosen beneficiaries.
We help our customers plan their estates efficiently and if desired,
from the comfort of your own home our dedicated specialist can
review your financial position and offer expert advice on your
Is it relevant to me?
The continued rise in property prices
mean that more and more people are crossing the threshold for
This means that the net value of everything you own (your estate)
exceeds the current threshold *, then a flat rate of 40% tax applies
as everything over that level.
* 2009 - 2010 threshold is £325,000
* 2010 - 2011 threshold is £350,000
for more information.