Inheritance tax is charged at 40% on the value of an estate above the available allowances. For families with a home and modest savings, the bill can still run to tens or hundreds of thousands of pounds.
There are legitimate, well-established ways to reduce the impact: making full use of allowances and exemptions, sensible lifetime gifting, and — where appropriate — trusts that keep wealth working for the next generation.
The earlier planning begins, the more options are available. A review today can protect far more of your legacy tomorrow.