When someone passes away, and leaves their belongings to others, an inheritance tax may apply. In a nutshell, inheritance tax is typically paid by the heirs or beneficiaries who receive the assets, as ...

The Pennsylvania Inheritance Tax has been the subject of much discussion and controversy over the years, at least among my clients and potential clients. Since there have been so many questions ...

When it comes to transferring wealth, estate planning and tax planning go hand in hand. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

Consensus estimates predict a surge in the number of people liable to pay IHT due to the extension of the band freeze, with as many as 5,000 families a year now likely to be liable for the charge.

An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries directly, while separate estate taxes may apply before assets are distributed.

Giselle M. Cancio has over 10 years of editorial experience and content development in personal finance, education, travel, and sports. Her work has been published on NerdWallet, the Associated Press, ...

Inheritance tax is a deeply unpopular levy charged on your estate when you die – but there are some tax-free allowances that can reduce what you owe up to a certain threshold. While the main allowance ...

Business Property Relief (BPR) was an important survivor of chancellor Rishi Sunak’s spring Budget in early March. The tax break can be a valuable tool in planning for inheritance tax, but had been ...

Today, we come to one of the most potentially useful inheritance tax planning tools – the humble pension. Most people know that private pensions are highly tax efficient. But their inheritance tax ...