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Inheritance Tax covers what a person’s estate pays on death or on certain lifetime gifts. A solicitor in this area helps executors and beneficiaries by calculating the tax due, identifying reliefs and exemptions, and organising the submission of the necessary paperwork to HM Revenue & Customs. Practitioners also advise on planning to reduce tax liability, draft or update wills and trusts, and handle complex asset valuations and transfers that affect the charge. In practice, this work is shaped by deadlines, the structure of the estate, and the need to secure correct tax treatment for beneficiaries.
