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The current IHT is a misnomer, as what is taxed is the final estate rather than the amount a person inherits.
Giving gifts is another way to reduce your final estate value.
"By shifting your savings into a drawdown scheme they will no longer be included in your final estate valuation, and therefore will avoid inheritance tax," he advises.
The Tongan Forestry Department has targeted a 1500 hectare estate to be established by the turn of the century and a final estate of around 2000 hectares.
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Mr Schervish points out that between 1992 and 1997 the value of final estates in America rose by 65%, but charitable bequests went up by 110%.
For instance, in the three years from 1995 to 1997, the value of final estates rose 65% in the United States; but bequests to heirs grew by 57% whereas charitable bequests rose 110%.
Total gifts to charity during the period of the study are expected to be more than $27 trillion, which includes sums from final estates (with no surviving spouse) as well as total lifetime giving.
Paul Schervish and John Havens at Boston College figure that in the 2005 "final-estate" settlements ("first" estates go to the surviving spouse,) families worth more than $20 million bequeathed 40% of their estate to charities and paid 30% each to the IRS and heirs.
On Royalty's final track Real Estate, Fey follows verses from rapper Alley Boy Swank and raps about Nordstrom and not using the N-word.
When Portia and her friends return to Belmont for the final act, that estate is no longer Eden, and the promise of a happy honeymoon for the assorted pairs of lovers no longer seems on offer.
Also, consider purchasing insurance on your life to cover any final expenses or estate taxes that might be due at death.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com