Probate is getting easier…

Each year around 25,000 estates in the UK have to pay Inheritance Tax (IHT), but a further 250,000 also have to jump through onerous and time-consuming hoops to establish that they do not.  The job of gathering every last detail of a friend or relative’s financial affairs, requiring as many as 25 different forms to be completed, is a real labour of love.  However,

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Avoiding IHT doesn’t mean rushing to tie the knot

Currently, there are around 3.3 million unmarried cohabiting couples in the UK. Yet most legislation focuses mainly upon protecting married couples when it comes to estate planning, meaning that many cohabiting couples face large Inheritance Tax (IHT) charges on both first and second death. This is because unmarried couples do not benefit from spousal exemptions

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