A vital part of your overall financial plan is to understand and minimise your tax liabilities in relation to your personal estate.  Inheritance Tax is the tax which is paid on an estate when the owner dies and your liability will depend on a number of important factors including your domicile and tax residency status at the time of death. Estate planning is a complex area and it is easy to make mistakes so at AFG we work with independent tax specialists who have the relevant experience to make sure your assets are passed on to your loved ones as tax efficiently as possible.