Death can be a tax-triggering event. And there are two you should be aware of: the estate tax and inheritance tax.

Inheritance tax (IHT) takings hit a near-record high last month as frozen thresholds drag more families into the net. In the nine months from April 2024 to January 2025, HM Revenue and Customs ...

Two out of five investors plan to withdraw more of their pension and either spend or gift the money to avoid inheritance tax, new research reveals. Pensions are going to become liable for ...

Thousands of people are being pulled into the inheritance tax (IHT) net as frozen thresholds and rising property values push more estates above the tax-free limit. New figures from HM Revenue ...

Two decades of property inflation has lifted families to millionaire status who never would have expected to get there, and that means many more are now hit by inheritance tax. New rules will save ...

and others impose another type of death tax, known as an inheritance tax. Paying state death taxes can become very expensive for the loved ones you leave behind, but you might save them some money ...

Financial gifts can be caught in HMRC’s net. Luckily there are several ways to limit your estate’s inheritance tax bill It’s natural for parents to want to give away some of their wealth to ...

Oof. It does sound like something serious is wrong with your boss, especially if her memory is declining dramatically and ...

This is because foster children are considered as direct descendants for inheritance tax purposes at the time they are fostered and subsequently. That means you can benefit from the residence nil ...

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable ...

Living trusts allow you to avoid the probate process, which can be expensive and lengthy. A will is easier to set up and maintain than a living trust. Living trusts may make more sense for public ...