In the UK, many people are neglecting the will – despite the fact that it could help cut the inheritance tax bill down. The Office for Budget Responsibility estimates that estates eligible to pay the 40 percent tax charge could rise to 50,000 by 2027. Having a will in place could slash this tax burden.

Brits who have children and grandchildren should write a will as soon as they can. Without a will, your estate could be at risk of being distributed according to the rules of intestacy – and…