You don't need to be rich for your estate to be subject to Inheritance tax.

Inheritance tax (or IHT) is currently charged at 40% and is set to rise. This is calculated on the full value of your estate above £325,000. Your estate will include investments, savings, all property, all other personal possessions and life assurance, unless it is written in trust.

If you do not have a spouse, or on your spouses' subsequent death, inheritance tax is paid by those who inherit. Inheritance tax must be paid by, or deducted from, the estate before assets are distributed.

We offer excellent advice to help ensure that taxation is kept to a minimum.