Making a will | Avoid inheritance tax |New tax rules
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Hello,

In this newsletter we’re talking about estate planning.
The late popstar Prince famously didn’t leave a will, but then neither did Abraham Lincoln, Picasso, Jimi Hendrix or Howard Hughes! Here’s why you shouldn’t aspire to join this illustrious list.
Inheritance tax is a fact of life – and of death – for many people but there are ways of minimising the amount that is levied on your estate after you die, and one way is through the use of trusts.
The new main residence nil rate band for inheritance tax comes into force next year – how does it affect you?
And finally … people take the opportunity to leave some strange bequests in their wills. This Guardian piece looks at some of the most unusual, including an anonymous donor who left half-a-million pounds to clear the national debt!

Making a will: why do I need one?

Many assume that their estate will automatically pass to their nearest and dearest, but this isn’t necessarily so. If you are not married or in a civil partnership, your partner won’t automatically inherit. If you are separated, but not divorced, your estranged spouse will inherit.

Find out why making a will is important

Inheritance tax planning: can I avoid IHT?

If your estate is large enough to incur inheritance tax, then this has to be paid to the Treasury. Not only that, it has to be paid before the remainder is distributed to your beneficiaries – the Government gets its share first!

Find out if you can avoid inheritance tax

Main residence nil rate band for inheritance tax

The main residence nil rate band was introduced as a new element of inheritance tax rules by the Conservative Government in the Summer Finance Bill 2015 and will come into force on April 6 2017.

Find out if you benefit from the nil rate band

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