Thanks for the reply, but he has no reason to pay for life cover insurance atm - or does he?Might like to consider taking out life cover policy which will pay the IHT.
Is there much of a difference between paying taxes and giving to charity?
A friend is thinking about changing his will. Is it possible to make a provision such that relatives receive as much as legally possible without having to pay inheritance tax and the excess donated to a nominated charity tax-free. Is this a straight forward transaction? Thanks
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