Ep 522 - Wills, Charitable gifts & Marriage - the IHT benefits & pitfalls

The Money To The Masses Podcast

In this week's episode, Damien explains how leaving a gift to charity in your will can significantly reduce your inheritance tax (IHT) bill. He breaks down the rules and explores the most effective ways to structure your donation.

Next, he reveals a little-known legal trap that affects anyone who gets married and could result in your estate being distributed according to the rules of intestacy.

With October being 'Free Wills Month', it's a good opportunity to consider your estate planning. Eligibility is for those aged 55 and over. For those who don't qualify, Money to the Masses has an offer where you can save 20% when you complete your will with Farewill*. Farewill is rated 4.9 out of 5.0 on independent customer review site Trustpilot (from over 18,000 reviews).

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• Get 20% off of an Online Will with Farewill*
• Find out about 'Free Will's month
• What happens if you die without a Will? - Rule of Intestacy explained
• Check out our AI Guidance Tool - Damoney
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