Inevitable? Death and Tax

Lawyers are up there with estate agents and traffic wardens in terms of reputation but often, when you’re at your most vulnerable, they are the person who represents your interests. I suppose that’s why we have such a bad press: we’re only needed when things go wrong. Though, surgeons don’t have this problem.

Of course, a lot of it could be avoided by employing a solicitor in the first place. But who wants to spend money on something that might not happen?

The issue might seem crystallised by the issue of wills and probate: the former involves planning for the inevitable but removed; the latter appears to involve dealing with something unforeseeable but immediate.

To some extent, the law recognises this division between the idea of living life to the full while it lasts and wishing for your beneficiaries to receive the things you worked so hard for.

The law reflects this dichotomy in the post death variation of a will. It allows you to assess a will and basically re-write it to make it more tax-efficient.

If you’re personally handling an estate which is affected by inheritance tax personally, then you should consider having it looked over by a solicitor.

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