IHT (sometimes referred to as the death duties tax) is payable on estates of all UK domiciled individuals with a value in excess of the nil rate band (2003/2004 £255,000). This includes the value of your family home. Above the nil rate band inheritance tax is payable at 40%.

A trust is a useful way to remove an asset from your estate for inheritance tax and to retain control of it. We can advise on saving inheritance tax (or death duties) and protecting your family’s wealth through trusts.

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

Inheritance tax is currently charged at 40% on the full value of your estate above £255,000. Your estate will include everything.