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Author Archive: Stephen Craig

Ashburton Legal Surgery

Posted by on February 15th 2018 in Blog Posts

Kitsons Solicitors offer a free monthly half hour legal surgery for the residents of Ashburton on Wills, Estate and Tax planning issues / Probate and Lasting Powers of Attorney.

However, the two most important areas we come across on a daily basis are Wills and Powers of Attorney.

So why should you make a Will?

Your wishes – it is your opportunity to set out how you want your assets to be distributed when you die and whom you want to deal with those assets for you (your Executors).

Tax planning – your Will...

How To Reduce Your Inheritance Tax Bill

Posted by on January 5th 2016 in Blog Posts, Private Client

“We all want to see a system where it is only the very rich that pay inheritance tax, and not hard working people” – these were the words of David Cameron.
 

Despite these intentions, an increasingly large number of people will leave their loved ones with a hefty tax bill when they die.  The current “IHT” threshold is £325,000 and the additional nil rate band will not begin until the 6th April 2017 at £100,000 increasing in £25,000 increments annually, up to £500,000 in 2020/2021. Anything over these limits is subject to a 40% tax bill.   How then can you...

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