You might consider taking advice on IHT planning to:

Keep your assets within your family

Protect your Nil Rate Band if you were to die and your partner re-marry

Protect assets passed to children or grandchildren from the risk of them becoming bankrupt or divorced

Protect your assets from the need to fund long-term care in later life

Reduce an IHT liability

Avoid an IHT liability

These are some of the typical questions that we are asked most by our clients:

Q: Should I write a will?
A: The simple answer is ‘yes’. It’s easy to put off making a will. But if you die without one, your assets may be distributed according to the law rather than your wishes. This could mean that your spouse or partner receives less, or that the money goes to family members who may not need it.

These are some of the financial reasons for making a will:

if you aren’t married or in a civil partnership (whether or not it’s a same sex relationship), your partner will not inherit automatically. With a will, you can make sure your partner is provided for

if you’re divorced or if your civil partnership has been dissolved, you can decide whether to leave anything to an ex-partner who’s living with someone else

you can make sure you don’t pay more IHT than necessary