IHT reforms reshape inheritance planning

We are firmly in one of the largest wealth transfer windows on record – the UK's ‘Great Wealth Transfer', with over £327 billion set to be inherited by UK families by 2032. And, since winning last year’s General Election, Labour has overhauled estate planning, from AIM reforms to new estate and pension taxes. These events have created a new landscape that advisers must help clients negotiate. The inheritance process involves a complex combination of tax rules, personal wishes, and family dynamics. The deeply emotional nature of estate planning can mean families avoid discussing appropriate plans...