According to the latest statistics, yet again we hear that at least 60% of us do not have wills! In this age of divorce, debt and increasing taxes, that’s a very worrying number. Sadly, it seems that the majority of us are under the usual misconception that “my wife/husband/children will get everything when I die”!
The inheritance tax nil rate band has now been at £325,000 since 6 April 2009. If it had been indexed-linked, as it used to be, the band would now be £340,000. However, there will be no increases for some while.