The risks of advisers not addressing estate planning with clients

Nigel Lawson, former Conservative chancellor, and 'domestic goddess' Nigella's father, famously once said, "inheritance tax (IHT) is voluntary tax - you can either do nothing and volunteer to pay it, or you can take steps to avoid it". Following the IHT changes in the 2024 Autumn Statement, it's more important than ever to take steps to mitigate IHT. However, whilst the implication was not apparent to everyone, advisers are now perfectly placed to educate their clients on the expense of doing nothing. Estate planning is often viewed as a legal process best left to solicitors, but it's...