Dossier
inheritance tax planning
Coverage of inheritance tax planning in the Nexus archive.
- Where there's a will, AI still has work to do
A UK law firm tested an AI chatbot to draft a will for a fictional client, finding that while the document appeared convincing, it omitted critical legal considerations like inheritance tax planning and financial vulnerabilities. The firm emphasized that AI-generated wills lack the depth and safeguards provided by human solicitors, who ask follow-up questions to address complex legal and personal circumstances.
- Too much inheritance tax planning is driving families apart
The UK's £5.5tn wealth transfer is causing family divisions due to excessive inheritance tax planning. The article highlights the negative consequences of such planning on familial relationships.