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Do I Need A Will?
Most people know the importance of making a Will, but for one reason or another never get around to it or think that because they do not have considerable savings or property, they do not need to.
Read moreOur Services
For many people, the prospect of writing a Will can be a daunting process. James McKenzie recognise this is often a reason people put off writing a Will, so to combat this have simplified our offering into distinct services.
Read moreCorporate Solutions
Over 300,000 people die without a valid Will each year, causing additional financial and emotional burdens on the loved ones left behind. Companies offering their staff Will writing as a flexible or voluntary benefit show they care not only about the staff member, but their whole family.
Read moreAbout Us
James McKenzie (Wills) Ltd is a specialist Will writing company, focusing primarily on providing Wills and related products to employees of large multinational companies. We have been providing Will writing services since 2004 and have been in the employee benefit market since 2007.
Read moreInheritance Tax
IHT is levied on the net value of your assets at a rate of 40% over a certain threshold known as the Nil Rate Band, currently £325,000 in 2018-19, and due to remain at the same level until 2020-21.
From October 2007 the NRB has been transferrable between married couples and between civil partners. Thus, a married couple have an allowance of £650,000 against Inheritance Tax, whilst a single person’s allowance remains at £325,000.
In April 2017, an additional Residence Nil-Rate Band (RNRB) was introduced giving an additional £100,000 allowance, rising by £25,000 each tax year to £175,000 in 2020-21, for certain estates where property is passed to direct descendants.
There are a number of gifts and investments you can make during your lifetime to limit your exposure to IHT. Some people will also look to use a trust mechanism in order to reduce their Inheritance Tax exposure. Please contact us if you would like free advice on your potential Inheritance Tax liability.
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