Inheritance Tax, or IHT, is a tax on your estate when you pass away, a concern for many families who want to preserve their wealth for loved ones. While it can feel daunting, understanding a few key exemptions can make a big difference.

These exemptions help you reduce potential tax, protect your hard-earned wealth, and offer legitimate ways to pass on assets without incurring the 40% Inheritance Tax charge. This brings immense peace of mind.

At Westwood Estate Planning, we pride ourselves on a thorough and empathetic approach to help you explore all potential solutions, ensuring you make informed decisions that protect your family's future and provide you with genuine peace of mind

Learn how to select the ideal guardian for your children in your will, covering responsibilities, key considerations, and legal steps for their future.

When making your Will, you carefully detail your wishes for your loved ones and assets. But have you considered who will actually carry out those crucial instructions after you're gone? This vital responsibility falls to your Executor.

Discover why choosing the right Executor is one of the most important decisions you'll make, ensuring your wishes are honoured and providing peace of mind for your family.

Have you ever thought about leaving a gift to charity in your Will?

This article explores the profound impact of charitable giving, highlighting how it can create a lasting legacy and potentially reduce your inheritance tax bill.

Join Gary Tonsley of Westwood Estate Planning, in partnership with Remember a Charity, as he delves into the benefits and emotional rewards of including charities in your estate planning. Discover how your generosity can continue to support vital causes and make a difference for future generations.

Stay tuned for more insights on charitable gifting and its benefits.

Explore the risk of 'sideways disinheritance' in this article by Gary Tonsley of Westwood Estate Planning.

Using a unique analogy with Elsa's castle, Gary illustrates how your home might unintentionally pass outside your family, leaving your children without their intended inheritance. Understand this crucial pitfall and discover why protecting your share of your home with a Will is vital.

Stay tuned for solutions in the next installment.

Discover how your Will can safeguard your share of your home, ensuring it passes to your loved ones or chosen causes, even if life takes unexpected turns.

This article from Gary Tonsley of Westwood Estate Planning highlights the importance of proper planning to protect your legacy and provide peace of mind for your family. Learn why a well-crafted Will is essential for securing your home's future.

Discover how your Will can protect your valuable assets, from your home to your vinyl collection, ensuring they go to your chosen loved ones in the right way. Gary Tonsley of Westwood Estate Planning explains the power of Trusts as "estate planning bodyguards" to safeguard your wishes and provide peace of mind. Learn why asset protection is crucial for your legacy.

Curious about making a Will? It's simpler than you think and all about taking control of your future.

Discover the two essential decisions: choosing your "A-Team" (executors) to carry out your wishes, and "Sharing your Treasure" (beneficiaries) to decide who inherits your belongings.

Plus, learn about key considerations like appointing guardians for children, using trusts to shield your legacy, and even ensuring your beloved pets are cared for. Start building a secure future for your loved ones today.