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Inheritance Tax (IHT) is a significant consideration for anyone involved in estate planning in the United Kingdom. Efficiently managing or mitigating the impact of IHT is crucial for ensuring that a greater portion of your estate can be passed on to your heirs. This blog explores various strategies designed to preserve wealth by reducing IHT liabilities.
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Estate planning is a crucial process that ensures your assets are managed and distributed according to your wishes after you pass away. Central to this planning is the creation of a will, a legal document that speaks on your behalf when you're no longer able to. The significance of having a well-drafted will cannot be overstated - it provides clarity, reduces potential conflicts, and ensures that your legacy is preserved and passed on in accordance with your desires.
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.