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 ...

When a loved one dies, there are a lot of things to worry about, from planning the funeral to dealing with your own emotions. As is often the case though, money is a major part of the calculus of life ...

Married couples or people in civil partnerships have never paid inheritance tax when they pass on their estate to the ...

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, ...

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 ...

To avoid suspense and provide a spoiler alert I can say, generally speaking, federal income tax is not payable on inheritances. This should come as a relief to potential beneficiaries concerned that a ...

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 ...

We are a retired couple and have two adult children, aged 45 and 30. Our home is worth around £350,000 and we also have a buy-to-let property valued at £250,000. Both are owned in our joint names as ...

Inheritance tax rules could get even tighter in the coming months as chancellor Rachel Reeves is reportedly planning a crackdown on the value of financial gifts individuals can make during their ...