Talking to clients and prospective clients I feel that there are more myths, misconceptions and stories from 'the bloke down the pub' surrounding Inheritance Tax than any of the other taxes.

Believing these myths could not only result in a large unexpected Inheritance Tax bill (as in the recent cases of Rik Mayall and Roger Lloyd-Pack) but may also mean your estate passes to people who you would not want to benefit or you could miss out on tax planning opportunities (which are available to everyone, not just the super-rich).

It is important to take professional advice, before taking any action (as it could be then too late), to make sure your estate is left to the people who you would want to benefit.

Do you know what will happen to your estate when you are gone?