Inheritance Tax - How To Avoid An Investigation

Advice to individuals

The best advice for individuals is to be organised during lifetime –it's too late to pass on verbal instructions after you have 'passed on'!

Make a Will and keep it up to date. The future well-being of your family may depend on it. At the very least, review your Will if you have additional children, grandchildren, get married* or divorced. Without a Will everything will pass to surviving relatives (or, in certain circumstances, the Crown) according to fixed rules.

Keep a copy of the Will in a safe place along with copies of important documents like life insurance and pension policies, shares and other investments. Appoint Executors that you trust to administer the estate properly and let them know where your important papers are kept.