Martin Lewis has issued a "crucial" warning to Britons about inheritance tax.
The MoneySavingExpert.
com founder is urging Britons to utilise wills to slash their inheritance tax bills.
According to the Institute for Fiscal Studies (IFS), grieving families are set to pay £15bn in inheritance tax bills by 2032-33, up from £7billion in 2024-25.
Without a will, an individual's assets will be distributed according to intestacy rules, potentially subjecting the estate to avoidable inheritance tax.
Experts stress that incorporating tax-efficient strategies into estate planning can safeguard assets for future generations while minimising the tax burden.
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