Questions that clients ask during a meeting to make a Will / Lasting Power of Attorney

Written By Alison Robinson

What is a Potentially Exempt Transfer (PET)?

Also known as a Lifetime Gift, it is a gift that is not immediately chargeable to IHT but reduces the donor’s amount of available Nil Rate Band (tax-free allowance, currently £325,000) by the amount of the gift (less the available annual allowance).

If you’re not sure where to get started with writing your Will, please contact our Private Client team on 01243 53277 or email your enquiry to info@owenkenny.co.uk

Alison Robinson
Previous

Keep up with our news and insights on our social media
Next

Questions that clients ask during a meeting to make a Will / Lasting Power of Attorney