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In the event of your death, your beneficiaries
could pay inheritance tax at 40% on the value of your estate above £325,000.
If your estate including the value of your home is worth £500,000,
that could mean a tax bill of £70,000.
For an estate of £1m, the tax figure could become £270,000!
For advice on the various ways of mitigating a potential inheritance
tax liability, email our Tax Partner Darren
Specterman or our Financial Services Director David
Higgins or call him on 020 8458 7427.