| UPDATED: 21:35, Mon, Dec 28, 2020
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Inheritance tax (IHT) is levied on the estate of a person who has passed away, and is taxable at 40 percent above a particular threshold. With people looking to reduce these costs for loved ones, many have chosen to draw up a will - which has particularly been the case throughout the COVID-19 pandemic. However, the number of people choosing to do this arrangement themselves, rather than consulting a solicitor has drastically increased, leaving some concerned about the consequences for Britons.