Many legal experts including Wills solicitors in North Wales are anticipating that 2026 will bring about several changes to the UK Wills market.
For example, due to the recent changes to inheritance tax, many people will be encouraged to review their Will as soon as possible in light of the new caps which will be introduced in April 2026.
Another major change could be the addition of pension pots to the inheritance tax regime. Although this is not expected to happen for another year or so, it is important to start examining estates to plan for the potential impact.
Currently, less than 40% of adults have a Will but during 2026, many millions of people have said that they planned to discuss this important document with their legal advisors. Many Will writing solicitors have recognised that even those individuals who already have a Will may need to review this and add extra details. Nowadays, it is common to have more digital assets and there is a higher chance that a testator will have a blended family, which is likely to warrant a rewriting of their Will.
Due to the introduction of electronic Wills, there is likely to be more checks on the legalities of this document along with much more emphasis on ensuring all compliances are adhered to.
Our team here at Bennett Smith Solicitors will be happy to discuss your Will with you, so do not hesitate to contact us now to discuss further.
