Even the most careful tax planning can go awry after you die – perhaps you forgot to update your will after getting remarried, or left your home to the ‘wrong’ relative. Your heirs won’t find out ...
What Is Disclaiming an Inheritance? Disclaiming an inheritance is the process of legally giving up one's right to receive a bequest or inheritance. It is a refusal to accept the inheritance that has ...
Families are rushing to take advantage of a little-known rule to protect their children from having to pay inheritance tax (IHT), according to experts. Financial advisers are seeing a huge rise in ...
A lesser-known inheritance tax loophole is allowing families to save significantly on their IHT bills – and financial advisers say they are using it with more clients than ever since chancellor Rachel ...
Are you reluctant to completely give away an inheritance you have received but concerned about your own tax planning and Inheritance Tax (IHT) on your death? By using a deed of variation to transfer ...