The rapid rise of house prices means that many more people will now pay inheritance tax.

If you have more than £300,000 (increasing to £312,000 from April 2008) when you die, anything over that figure will be taxed at 40%, unless it is passing to an exempt beneficiary (generally, spouse or charities) or other reliefs apply.

We can advise on ways of mitigating that liability and help you to make a tax-efficient will. In this way you could save tens of thousands of pounds.

We can also advise on inheritance tax planning in your lifetime and suggest ways you may be able to reduce your future liability.