Smith Sutcliffe Solicitors

What is your home worth to your children?

One of the forms of inheritance that most parents intend to leave to their children is their property.

However, new figures suggest that the value of this asset may not be as much as people will have hoped.

According to the Royal Institute of Chartered Surveyors (RICS) the housing market is continuing to remain subdued.

The value of residential property in the UK fell by one per cent in 2011, which is a drop of almost a third since mid-2007.

However, people with property overseas could still leave loved ones a substantial inheritance, as Germany, France, Switzerland and Norway posted rises of five per cent or more.

RICS also revealed Ireland and Spain have experienced the most significant falls in property prices, with a drop of 17 per cent and ten per cent respectively.

The need to plan your estate properly to ensure that your family achieve maximum benefit from your assets when you die is something that our Private Client Team can assist with.  Contact them on 01282 426251 for an initial free discussion.


 

13th March 2012, 11:52
 
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