Having bought the house, paid the mortgage and run a successful business, your thoughts should turn to how you will protect your estate for your family. Inheritance tax (IHT) can claim a sizeable chunk, but with some sound planning you can significantly reduce the impact on your loved ones.

Our Openwork advisers can help you understand how this tax may affect you as an individual and take you through a range of possible solutions. Some of these are free, including making use of suitable wills, gifting strategies and, for any residual IHT bill, the possible use of whole of life policies written into a suitable trust.