3 KEY CONSIDERATIONS
1
If, upon your death, your entire estate is worth more than the threshold, your family could be charged 40% inheritance tax on everything above it.
2
The current threshold is £325,000 if you’re single, and £650,000 if you’re married or widowed. There is also a residence nil rate band available. But not everyone can benefit.
3
Your estate isn’t just your home – it’s virtually everything you own.