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 Indemnity Insurance.

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 associated matters.

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.

 

Estate Planning

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 options.

Is it relevant to me?


The continued rise in property prices mean that more and more people are crossing the threshold for Inheritance Tax.

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

 

Contact us for more information.
 
27 West High Street
Crieff
Perthshire
PH7 4AU
Tel: 01764 652 225
Fax: 01764 654 433
Email: enquiries@cpamc.co.uk
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