Today’s article in the Telegraph on beloved actor Rik Mayall’s highlights the common misconception that one’s estate passes on in its entirety to one’s surviving spouse on death in the absence of a valid Will. Not only is the lack of a Will most likely to be bring about avoidable (and sometimes terrifyingly contentious) disputes amongst the loved ones and family, a perfect loophole to maximise the retention of money and assets for the benefit of such loved ones is almost missed completely!
http://www.telegraph.co.uk/finance/personalfinance/tax/11549890/Rik-Mayalls-inheritance-tax-trap-and-how-to-avoid-it.html
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