Inheritance Tax
You've heard the old adage... "there are only two things certain in life - death and taxes". But whereas death has a certain finality about it, sadly the same cannot be said of taxes. Because even after your death, Inheritance Tax liabilities can still haunt those you leave behind.
Unless you make plans to address the problem of Inheritance Tax early enough, those you intend to benefit from your estate after your death, may at best be inconvenienced, at worst burdened with a sizeable tax bill.