There are several ways people commonly reduce IHT exposure, including:

• Lifetime gifts
• Making use of allowances
• Charitable giving
• Certain types of trusts
• Insurance to provide the funds to pay the IHT due

Not every option is suitable for every situation. A structured review helps highlight what might work in your circumstances and flags anything that needs specialist legal or tax advice.

This article is for general information only and not personal advice. Consult a professional for your situation.