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inheritance tax planning needs to be considered
Worth mentioning that even for non-golfers, managing the tax side of an inheritance does at least two helpful things:
1) It can take a significant emotional burden off of the bereaved. Taxes are stressful enough as they are, and more so in bereavement.
2) It helps transfer more of the estate to the heirs instead of HMRC. There are deductions and other benefits that heirs and executors can claim, but they need to know about them in order to do so. Citizens Advice and Gov.Uk et al can help you for free if you don’t want to pay a solicitor.
As an example of 2), I helped someone claim a tax allowance that belonged to their long-deceased father, that had in turn passed to their recently deceased mother. If their mum hadn’t told them about it, they probably wouldn’t have found out they were entitled to it.
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Leshaches
At the risk of being overheard in the golf club inheritance tax planning needs to be considered. Lots of local solicitors offer reasonable rates for straightforward mutual wills, i.e. when one partner dies the IHT allowance passes to the other as does their residential property allowance.