Something important regarding financial planning inheritance is the topic of the taxes you have to pay. You can do certain things to reduce taxes, and specialists in this field can help you with that. Did you know that you will not have to pay taxes for a specific amount?. If your estate has a value under £325,000, you are lucky, you will not have to pay any contribution to the state, according to the law. Also, gifting some of your assets can be an efficient form of paying less contributions.