The Inheritance Guru

Do I need inheritance tax planning even if I'm not wealthy?

Inheritance tax affects more families than you might expect. With rising property values, many estates now exceed the nil-rate band threshold of £325,000 (or £500,000 for those leaving a home to direct descendants). Even a modest family home can trigger a significant tax liability. A simple review can identify whether planning is needed and what can be done.

Do all estates require probate?

Not always. Probate is typically required when the deceased held assets solely in their own name above a certain value. Small estates, jointly held assets, or assets held in trust may not require formal probate. I can advise whether probate is necessary and guide you through the process if it is.

Can I set up a Lasting Power of Attorney if I'm already unwell?

An LPA must be set up while you still have mental capacity. If you have been recently diagnosed with a condition that may affect your capacity in future, it is important to act promptly. I can explain the process and help ensure it is completed correctly.

I live overseas but have assets in the UK - do I need UK estate planning?

Yes. UK assets are subject to UK inheritance tax regardless of where you live. If you are a non-domicile or expatriate with UK property, investments, or bank accounts, tailored UK estate planning is essential to avoid unexpected tax exposure.