While inheritance tax can seem like a confusing topic, it pays to brush up on the rules and make use of all tax breaks available.
The threshold at which people have to pay has remained at £325,000 for years, meaning more people have to pay it every year because of soaring property prices.
However, not everyone has to pay inheritance tax on assets above £325,000 as there are some exceptions.
Graham Southorn from Maplebrook Will Writing Bristol told Express.co.uk it certainly pays to plan ahead and seek advice from a professional.
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