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 ...

Happy to skip a generation to save thousands on inheritance tax? A deed of variation could be the estate planning tool you ...

That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.

According to AI, the pension will not be 'part of the estate' because it is in trust. So it can't be used to pay off the ...