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UPDATE: This video was recorded before October 30th 2024, meaning it does not cover the recent changes to Inheritance Tax. If you would like to know more about how the recent changes to Inheritance Tax may impact you, you can watch our Budget Update video here: • What Does The Budget Mean For You In Retir... Searching for clear answers about Inheritance Tax in the UK? Look no further! In this informative video, we break down the complexities of inheritance tax, helping you understand the ins and outs of this crucial financial topic. Whether you're a beneficiary, executor, or simply curious about inheritance tax laws, our expert insights will provide you with a solid foundation. From the current thresholds and exemptions to strategies for minimising your tax liability, we've got you covered. We'll explore real-life case studies and practical examples, making sure you're equipped with actionable knowledge. Our goal is to empower you to make informed decisions that can protect your family's wealth and assets. Topics covered in this video: 00:00 - Introduction to Inheritance Tax 00:29 - What is in your Estate? 01:10 - What isn't in your Estate? 01:24 - Who pays Inheritance Tax? 02:34 - Inheritance Tax Example 03:21 - Inheritance Tax when Married 04:09 - Married Couple Example 04:58 - How to reduce Inheritance Tax Don't miss this opportunity to gain a clear understanding of Inheritance Tax in the UK. Hit the like button, subscribe to our channel, and ring the notification bell to stay updated on all things related to personal finance and taxation in the United Kingdom! Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. If you would like to find out more about us and what we do, you can visit our website at www.wealthofadvice.co.uk. #InheritanceTaxUK #EstatePlanning #TaxAdvice #UKFinance #WealthManagement