Key private client law changes in 2026: what you need to know

Wills go digital, almost

After years of debate, the long-awaited modernisation of wills is finally on the horizon. The Wills Bill 2025 paves the way for the use of electronic wills, created and stored digitally, with robust safeguards against fraud and undue influence. Expect clearer rules for online signing and witnessing, secure storage options that make updating easier, and to make losing a will harder.

But don’t rush to ditch the paper just yet. Electronic wills will only become valid in England and Wales when the Government approves the necessary reforms, which is expected in 2026. Until then, traditional paper wills remain the only legally binding option.

Inheritance tax relief, a new cap to consider

From April 2026, Agricultural Property Relief (APR) and Business Property Relief (BPR) will change. Full relief will apply only to the first £2.5 million of qualifying assets, with anything above taxed at an effective 20%. Couples can combine allowances for up to £5 million tax-free, but many farming families and business owners will still experience financial strain.

For further details, we’ve published a separate news update with an in-depth look at these changes and practical steps to take.

Powers of attorney, the digital age is coming

The Powers of Attorney Act 2023 is set to transform the creation and registration of Lasting Powers of Attorney (LPAs). The aim is to deliver a streamlined, secure system that reduces delays and protects against fraud, making the process easier for everyone. Paper applications will still be available for those who need them, but the emphasis is firmly on digital efficiency.

The Office of the Public Guardian is still building the new platform, and there’s no confirmed launch date. That means 2026 is likely to be a year of preparation rather than full implementation. If you are considering putting LPAs in place, don’t wait for the digital system; planning ahead now ensures your wishes are protected without unnecessary delay.

Trust reporting, new compliance burdens

Late 2025 brought a surprise for trustees: thousands of UK family trusts had to register with HMRC’s Automatic Exchange of Information (AEOI) system, even if they had no overseas links. This stems from global tax transparency rules under the Common Reporting Standard.

For 2026, trustees should expect annual filings, stricter record-keeping, and closer scrutiny. In preparation, you can budget for extra compliance time and costs and seek advice early to avoid penalties.

Across all these changes, the impact is direct. These aren’t just technical adjustments; they affect real families, farms, and businesses. The key is not to wait. Review your plans now, understand the new rules, and get advice before decisions become urgent.

Planning ahead is more important than ever. Our Private Wealth team can provide further insight into these changes as you review your estate, update your will, and ensure your plans align with the new rules.