Should I make a will as part of IHT planning?

Yes, a will is fundamental to IHT planning. Without a will, your estate is distributed according to the rules of intestacy, which may not reflect your wishes and may not make best use of available IHT exemptions. A well-drafted will ensures that the nil-rate bands of both spouses are fully utilised, that the residence nil-rate band is available where applicable, and that charitable legacies are structured to take advantage of the reduced IHT rate where appropriate. We coordinate IHT tax advice with solicitors on will planning.