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| UPDATED: 21:30, Fri, Mar 5, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Inheritance tax (IHT) is levied on the estate of someone who has died and is passing on their assets, so long as their estate is valued at over £325,000. Valuing and managing an estate can be complex and as such, families can hire professionals to manage the estate on their behalf through the probate system. ....