By James Cook, partner at Collyer Bristow
Given that women on average live longer than men, it is more likely that women will inherit significant wealth from their spouses and other family members than their male counterparts. As a result, a recent study states that women have a greater exposure to inheritance tax (IHT) compared to men, approximately in the region of £430 million.
Therefore, with an increasing number of middle England estates likely to pay IHT on death, flexible and tax efficient estate planning has become more important than ever. In this article, we discuss some of the...