Over 60% of consumers take no IHT advice

Almost 30% wrongly believe they could pay an IHT bill by simply deducting it from their inheritance while inheritance recipients must almost always pay it upfront. Only 32% would count their estate as liable for IHT, although more houses are approaching the £300,000 IHT threshold. The research also shows 33% do not know items or assets covered in a will are liable to IHT and only 52% could correctly identify the current rate of IHT as 40%. Of those who haven't taken advice to plan their estate, 12% said this was because they had already written a will, although the reality is that havin...