This may be correct but it doesn’t hurt to get some fresh legal advice to make sure it still meets your wishes. A lot can happen between the time you first created a Will and today and Inheritance Tax laws have changed substantially in the past 10 years.
If the tax laws have changed and your Will is still operating on the basis of the old rules, this could lead you to paying unnecessary tax, which is charged at a rate of 40% of everything you own above the allowed limit. Taking some time to check with an advisor to make sure that your Will still meets your wishes and reaps the full benefit of the tax laws as they apply to you, could save not only money but also eliminate difficulties for your family in the long run.
