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Celebrity Will Mistakes & Lessons We Should Learn

Very costly mistakes can easily be avoided with a correctly drafted Will

Emma Myers runs her expert eye over three celebrity wills which didn't work out as originally planned...

Celebrities may seem to have it all, but they are only human and can be just as likely to make mistakes as everyone else, especially when it comes to estate planning.

However, making a mistake with estate planning can have serious repercussions for our nearest and dearest, as these examples highlight.

Brits Set To Lose GBP 550M in IHT Due To Poor Planning

HMRC set to capitalise on Brits who do not plan effectively


The predicted £550m wastage is £20m more than last year and an increase of £78m on 2013.

The TaxAction Report 2015, which was carried out in partnership with Prudential, also found that only one in four Britons think their estate will be subject to IHT when they die.

A common IHT planning mistake identified by the report was a failure to place life protection policies under trust, which could reduce a £100,000 life insurance pay out by as much as £40,000.

UK Supreme Court Ruling On Divorce May Open Pensions Floodgates

UK Supreme Court number 1

A controversial Supreme Court ruling could see thousands of ex-wives and husbands pursuing their former spouse for pension pots years after they divorce if no ‘financial order’ was established at the time, experts have warned.

On May 11 2015, the court allowed the latest appeal in the case of Wyatt v Vince. Ms Wyatt was given permission to challenge an earlier ruling in favour of her former husband, after he had appealed a decision to allow a financial claim issued 18 years after their divorce.

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