What if I have a large estate?
If your estate or the joint estates of a husband and wife exceed £325,000 it would be wise to consider making a specialist tax planning Will that is designed to save your benefactors having to pay large sums of Inheritance Tax.
Inheritance tax is charged at 40% on assets held over and above £325,000. Used to maximum effect, tax planning Wills can save £114,000 in Inheritance Tax.