When you die, your family will need to pay 40% Inheritance Tax on the value of anything you own above £325,000 before they can receive any of the money or items you have left to them.
If you do not ensure that they can get hold of money to pay this, it is possible that they will have to sell your home in order to do so.
The good news is that there are many legal ways around this, including Family Asset Trusts.
Did you know?
Your family has to pay 40% Inheritance Tax on anything you own above £325,000 before they can receive their inheritance.