Wills might have to be changed with new inheritance tax rules.

In Great Britain wills might have to be changed given the forthcoming modifications to inheritance tax. According to Internationalmoneymarketing.co.uk, many established tax planning techniques are redundant. The rules are complex but the changes kick in with estates of over £300,000 and more so when the figure reaches over and above £600,000.

The effective doubling of the inheritance tax threshold was announced in the recent pre-Buget report by British chancellor Alistair Darling. Internationalmarketing.co.uk concludes "The key, as always, is to seek professional advice to ensure that the appropriate solution is found.

Writing a will is necessary, since there is the requirement to avoid being
intestate. For instance, in Aberdeen there are firms such as Legal Services Scotland and Willpeople.