8 Steps to the basics of how to avoid Inheritance Tax
1. Ensure you write a Suitable Will.
A “Will” will help direct assets but it will not protect assets. That being said, it makes sense to make sure you have a proper Will in place and it has been written by an experienced practitioner otherwise there could be a claim on your estate made by any person who believes they have a right to assets from your estate. This is particularly important when you have children from a previous marriage or children you are intending to cut out of your estate or previous spouses, etc.