Residence Nil Rate Band (RNRB).
A new tax-free allowance was announced in the Summer Budget 2015 (the Residence Nil Rate Band) that will take effect on or after 6th April 2017. Downsizing provisions have yet to be finalised.
There are a lot of myths and misconceptions surrounding this new allowance - please call or view our website pages (not yet updated) for further information - including:
You may not get the full allowance (or double the allowance) if:
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When you have completed your documents, two critical steps will ensure your wishes are carried out: the documents must be correctly signed and witnessed and, to prevent a Will being lost or destroyed or your executors not knowing where to find it, safe storage is crucial.
We arrange for storage in a secure facility where documents are fully protected and insured. Each is checked beforehand to ensure that is has been signed and witnessed correctly. You receive copies, certificates of storage and cards to hand to your executors so they know who to contact to retrieve the Will when the time comes.
For a reasonable annual fee payable by standing order we can store your documents and provide you with a free review and update service as part of the package.
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