If you, like 23,837,253 people in England and Wales, are happily married or in a civil partnership, you might not have thought about what happens when you pass away. And if you have, you might have thought that, because you’re married, your estate will automatically transfer to your spouse. But unfortunately, that is a common […]
Posts in category: Inheritance Tax
It’s not just about getting the cheapest, one-size-fits-all Will and assuming the issue is dealt with – it’s about considering the whole picture.
In 2015, the Chancellor announced with ‘bells and whistles’ his new inheritance tax (IHT) ‘allowance’ bringing a married couple’s ‘allowance’ to £1,000,000.