Has an Inheritance Tax Saving Will been affected by changes to Inheritance Tax Allowances in the 2007 Pre-budget statement from Mr Darling ?
Inheritance Tax Saving Wills continue to provide savings especially for unmarried couples. For married couples and those in Civil Partnerships the advice is to seek professional guidance at the time the first death occurs to ensure that the RIGHT decisions are made according to the circumstances that apply at the time. Saving of tax can be made but there may be alternative avenues open to achieve this. Married couples may choose to utilise Asset Protection Trusts in their Wills where their main aim is not tax saving but guaranteed distribution in line with their wishes in the event of marriage breakdown and/or long-term care requirements.
