Making a little stretch an awfully long way

After the totting up process you may discover that you're not worth that much. Don't panic! You don't need to get that second job to boost your estate. You can turbocharge your estate by adding life insurance and pension benefits to make sure you do what's right by your nearest and dearest. See Chapter 15 for more.

Making a little stretch an awfully long way

If your estate doesn't cover all your gifts, then abatement kicks in. Under abatement rules, if your gifts tot up to £500,000 but only £250,000 remains in the estate, then your beneficiaries can only pick up half of what you left them.

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