Posted: 22nd May 2017
Snappily entitled the ‘Residential Nil Rate Band’, this new measure could make a significant difference to those with estates over £325k but to benefit your Will must meet certain criteria….
Here are 5 things you need to know about the new Residential Nil Rate Band:
In order to benefit from the new legislation the Will must meet certain criteria and you should take advice on this. If you have a Will which contains a nil rate band discretionary trust, it is important that you seek advice as the new Residential Nil Rate Band may not be available to you if you continue to use that structure.
If you’ve been thinking about reviewing your current Will or making a Will for the first time I can help and give bespoke advice fitted to your circumstances.
For an informal initial discussion, please get in touch with me firstname.lastname@example.org or call me on 0121 323 2070