People without a will risk large IHT legacy

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People who fail to make a will could leave their loved ones with a hefty inheritance tax bill, website Unbiased has warned.

The site's warning comes as its research revealed almost 29 million people in the UK (58% of the population) are currently without a will. It also coincides with today's launch of its fourth annual Write a Will Week, in partnership with Octopus Investments. Karen Barrett, chief executive of Unbiased, said: "People spend their lives providing for their loved ones, yet lack of action in planning their affairs for after they have gone could lead to a hefty inheritance tax bill, not to mention additional stress for the family and potential delay in distributing assets." The research fo...

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