Inheritance Tax is changing, and many more families could be affected than they realise.

In this episode of Legal Chat, host Paul Harvey is joined by Richard Theobald, Partner in Warners Solicitors' Private Client team, to explain the major inheritance tax changes announced following the October 2024 Budget and what they could mean for individuals, families, business owners and farmers.

Together they discuss:

• Why inheritance tax is no longer just an issue for the very wealthy
• The impact of pensions becoming subject to inheritance tax from April 2027
• Changes to Business Property Relief and Agricultural Property Relief
• Common myths around gifting and the seven-year rule
• Why reviewing your will, pension nominations and estate planning has never been more important
• How solicitors and financial advisers can work together to help families plan effectively

Whether you've made a will years ago, have built up pension savings, own a family business, or simply want to understand how the latest changes could affect your loved ones, this episode provides practical guidance to help you stay informed and plan ahead.

Legal Chat is the podcast from Warners Solicitors, offering clear, practical insights into the legal issues that affect individuals, families and businesses.