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megan 04/16/2025 Finance uk estate planning https://theomnibuzz.com/common-mistakes-to-avoid-in-uk-estate-planning According to UK law, inheritance tax applies to the money, property and possessions of someone who has just passed away. There are thereshold and exceptions to this law, which makes it all the more complicated for the commoner. For example, you are exempt from the tax if the estate is valued at below £325,000 but, you can also avoid the tax even if the value is higher by leaving it to a spouse, a civil partner, a charity or a community amateur sports club. At the same time, if you want to leave your estate to your children, your threshold jumps up to £500,000. See how calculating the inheritance tax can be complicated? That’s why you need the help of a UK estate planning expert.
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