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Inheritance tax UK: HMRC revenue rises as savers urged to set up wills – do you have one? | Personal Finance | Finance

Despite this, there is some evidence that the situation could be on the up soon, as Emma Watson, the Head of Financial Planning at Rathbone Investment Management, commented: “Writing a will is something many people put off as it forces us to come to terms with our own mortality.

“But since Covid-19, significant numbers of people have looked to make or update their own will, either through digital or more traditional means

“For many of us, a will can be a very simple document.

“For others, particularly those with non-nuclear families — including children from a first marriage and stepchildren from a second, for instance — it can get more complex. Wills also need updating — particularly after life events like divorces, weddings and births of children and grandchildren.

READ MORE: Universal Credit: HMRC quizzed on tax credit debts ‘being clawed back’

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