The coronavirus pandemic has produced the biggest change in the daily lives of millions of people seen since the Second World War. There has also been a large amount of economic worry as stock markets have fallen and property prices have been affected by the slowdown in the market.

Whilst the priority for most people is quite understandably the health of their friends and family, it is also worthwhile reviewing estate planning as a general exercise as, even in these challenging circumstances, there may be advantages that can be realised if action is taken now. 

For many people, the amount of inheritance tax that is...