Writing a will can take as little as 15 minutes or as long as several weeks, depending on the complexity of your estate and how you choose to go about it.
Wedding gifts are a generous way to support newlyweds as they start their life together, and in the UK, certain wedding gifts are exempt from inheritance tax (IHT).
When planning your estate, your beneficiaries are usually your immediate family, with your spouse automatically inheriting assets in most cases, followed by your children.
Inheritance disputes often arise when there is ambiguity in a will, a lack of understanding between family members, or a feeling of unfairness about how an estate is divided.
The “7-year rule” for inheritance refers to a tax rule in the UK that affects inheritance tax (IHT) liability on gifts made by individuals within seven years of their death.