Even if you don’t think of yourself as ‘rich’, your family may lose thousands of pounds, if:

• Your total worth – including your home – is more than £325,000*. Every penny you leave above that amount may be taxed at 40%.
• Your total worth – again including your home – is more than £23,250. If so, you may have to foot the entire bill for any long-term care you may need.
• You only make a conventional Will. Even leaving modest amounts of money can cost around £15,000 in probate costs.

Happily, there is a solution that is simple, flexible and legal. It’s called a Family Trust.
* the Inheritance Tax threshold for the 2012/2013 tax year