What do you need to consider when advising on IHT?

What are the biggest estate planning challenges ­advisers and their clients face? The first thing to consider is the impact of no estate planning at all. More than half (51%) of the UK ­population hasn't even made a will and this is often the very first step that people take in their estate planning strategy. If people don't have a will in place, then the law of intestacy will apply when they die - this can cause problems in that the estate could be apportioned in a way that the deceased may not have wished for. We also need to look at the baby boomer generation. They own a lot of ...