Inheritance Tax

Inheritance tax (IHT) is payable on estates worth more than £325,000; anything below this is known as the nil-rate band and is not subject to tax. Inheritance tax is currently charged at 40% of the value of your estate which exceeds the nil-rate band.

As of April 2017 an additional £100,000 nil-rate band was introduced, which will increase each year until 2020/2021 to reach £175,000 to give a combined nil-rate band of £500,000 for individuals and a combined £1 million for married couples and civil partners. This extra nil-rate band only applies if you pass your property to direct lineal descendants.

At Rotheras we understand that when you have worked hard to build up your estate and assets you want to hold on to this wealth to pass on to future generations. Our private client team will work closely with you to provide tailored solutions to minimise the amount of inheritance tax you have to pay.

The rules surrounding inheritance tax relief and exemptions are not easy to navigate but we can advise you on the best strategies for making the most of your wealth.

Why use Rotheras for minimising the amount of Inheritance Tax?

We get to know you and your individual circumstances so we can provide you with the best options for minimising IHT based on your wealth, assets, who will benefit from your estate and what finances you require.

We can draw on the experience of our Wills, Probate, Property and Family Law teams where necessary.

We have a network of independent financial advisors we work closely with who we can refer you to for financial advice.

We can advise you on drafting or updating wills or trusts to take advantage of IHT relief.

We can advise you on lifetime gifting to minimise the size of your estate and the amount of IHT liable.

We can advise you on IHT relief where you have a trading business or agricultural business or property.

We can advise you on making gifts to charity or leaving a percentage of your estate to charity to reduce the IHT rate.

We can advise you on transferring money between spouses or civil partners, which are exempt from IHT.

Contact our Wills and Probate Team

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Posted February 4, 2020

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Contact our Wills and Probate Team
Wills, Probate & Trusts Team

Jayne Smith

Partner

Jayne Smith leads the wills and probate department at Nottingham based Rotheras Solicitors and is currently based in our Wollaton office.

Jeremy Allen

Partner

Jeremy Allen is a Wills, Probate and Trusts specialist at Nottingham based law firm Rotheras Solicitors and is based at our Lace Market offices in the heart of Nottingham City Centre.

Karen Hayward

Partner

Karen Hayward is a wills, probate and trusts specialist at Nottingham-based law firm Rotheras Solicitors and currently operates in our Beeston office.

Charles George

Partner

Charles George has over 15 years’ experience as a contentious probate solicitor and he has also been responsible for risk and compliance at the firm for many years. Charles is currently based in our head office in the Lace Market

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Duncan Godfrey

Partner

Duncan Godfrey is a Probate, Trusts and Residential Conveyancing Solicitor at Nottingham based Rotheras Solicitors and is located at our offices in the Lace Market and Burton Joyce.

Petra Lewis-Feast

Associate Solicitor

Petra Lewis-Feast is a senior lawyer within the wills and probate team. She has worked as a private client specialist since she qualified in 1993. Petra is currently based in our head office in the Lace Market

Rebecca Green

Associate Chartered Legal Executive

Rebecca Green is an Associate Chartered Legal Executive in Rotheras Wills and Probate department and specialises in will drafting, estate administration, lasting powers of attorney and court of protection applications. Rebecca is currently based in our Long Eaton office.

Sarah Soo

Associate Solicitor

Sarah Soo is a Wills and Probate specialist at Nottingham-based law firm Rotheras Solicitors and has specialised in private client work since she began her career. Sarah is currently based in our Wollaton office

Eleanor Robinson

Associate Solicitor

Eleanor Robinson is a Wills, Probate and Trusts specialist at Nottingham-based law firm Rotheras Solicitors and is based at our West Bridgford office.

Adam Cotterill

Solicitor

Adam’s expertise covers a wide range of services including drafting Wills, preparing Power of Attorney documents, Probate and Court of Protections applications.

James Briggs

Solicitor

James Briggs is a private client solicitor at Nottingham-based law firm Rotheras Solicitors.

Alison Richardson

Legal Executive

Alison Richardson is a member of the family team and wills, trust & probate team based at our Mapperley office.

Christina Peck

Trainee Solicitor

Christina Peck is a trainee solicitor within Rotheras Wills and Probate department and is based at the firm’s Beeston office.

Anna Guy

Paralegal

Anna Guy has over 10 years’ experience of working in law firms, and 7 years’ experience of dealing with Wills and Probate matters.

Brett James

Paralegal

Brett James is a Conveyancing and Wills and Probate Paralegal at Rotheras Solicitors and is based at our Lace Market office.

Michelle Kingston

Paralegal

Michelle Kingston is a Paralegal in Rotheras Wills and Probate department and is based at our Long Eaton office

Sharon Fleckney

Paralegal

Sharon Fleckney is a Paralegal in Rotheras Wills and Probate department and is based at the firm’s Lace Market Office.

Sue Radford

Paralegal

Sue Radford is a Paralegal in Rotheras Wills and Probate department and is based at the firm’s Beeston Office.

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