Death and taxes, two certainties we all face. Yet planning for them can save us from costly pitfalls, especially when it comes to Inheritance Tax (IHT).
Let’s debunk three common misconceptions that might be leaving your loved ones with a hefty bill.
1️⃣ Myth: Putting your house in the name of children will get around Inheritance Tax.
2️⃣ Myth: Thinking you don’t need a will.
3️⃣ Myth: Cohabiting is the same as marriage.