People are increasingly willingly to leave part of their estate to a charitable cause close to their heart, according to new figures released by Remember A Charity. 

Inheritance tax planning has not seen many dramatic changes in recent years with the standard nil rate band neither increasing nor decreasing majorly. The nil rate band currently sits at £325,000, which means that this part of the deceased’s estate will be tax-free up to £325,000. However, 2017 saw the introduction of another type of inheritance tax relief which should reduce the tax burden on a deceased’s estate in some cases.

New research by Canada Life has found that as many as one in 25 people in the UK have inheritance expectations amounting to at least £1 million. For one in 50 people, these expectations exceed £5 million. 

People are increasingly living their lives online and the question of how someone’s digital assets and accounts should be handled after their death has become the subject of some debate. 

A recent study found that as many as 63% of adults in Scotland are without a Will.