Learn how inheritance tax works in the U.S.—who pays it, how it's calculated, and which states impose it (2025 rates, exemptions, and planning tips).

A beneficiary is a person or entity designated to receive property from another individual. This property may be a monetary benefit received as an inheritance.

For this reason, any changes to inheritance tax – such as the tweaks to thresholds that Chancellor Rachel Reeves is rumoured to be considering – will cause panic among those 20-, 30-, and 40 ...

First, the data are organized by, for example, hierarchical clustering algorithms, parameterizations or profiling methods to find inherent orderly features.