From making gifts during your lifetime to setting up trusts, there are many legitimate ways to pass down money to loved ones without incurring tax. But, do your homework beforehand.
Thousands of couples are at risk of missing out on a little-known trick that could save up to £1.5m from inheritance tax – £500,000 more than the usual tax-free allowance. A smaller number of people may be able to pass on as much as £2m.