If your spouse has died in the last two years it may be possible to go to court and vary their will to create a nil rate band discretionary will trust. . This is given to a trust that allows your surviving spouse to still have access to capital or income, but it is not part of their estate when they die. This simple plan for married couples would currently save £120,000 in tax if the whole of the nil rate band is used. – We can recommend suitable legal services to help you implement this plan.

To contact Alexander Calder about using a will for inheritance tax planning, click here .