Do you want your family or estate beneficiaries to get more of your money when you die and ensure that your money goes to those you would want to have it?
For those unmarried people with assets up to £325,000 and for married couples with up to £625,000, an up-to-date Will is often sufficient.
For those close to or over these limits then planning is definitely a consideration.
It's worth remembering that the rate on taxable assets over the Inheritance Threshold is 40%.
The additional inheritance tax property relief is conditional.
There are a number of methods that can be utilised to ensure that your successors benefit from your estate when you have passed away.
If you would like to have a discussion about succession planning or check your current arrangements are up to date, do get in touch.