Inheritance tax impacts many households each year. While the threshold was once high enough that many families didn’t need to invest too much thought or planning into it, rising inflation (and a stagnant threshold of £325,000, capped until 2028) mean that many, many more families will be stung by IHT.

There are always ways to reduce the burden of IHT on an estate, although you can’t avoid it altogether if your estate does surpass the threshold. Writing a will is an important step toward securing your loved one’s financial futures and avoiding the burden of IHT.

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