Dealing with the logistics following the loss of a loved one can be challenging, particularly when it comes to managing their estate. Often, the deceased may have wished to leave many of their possessions to friends or family.

However, it’s crucial to remember that these items could be subject to a specific tax. Last year, HM Revenue and Customs (HMRC) collected £7.5 billion in inheritance tax.

If you’ve inherited a significant estate from a deceased loved one, the person responsible for…