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 ...

An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky, Maryland, ...

Charlotte Coombs, Legal Director in Birketts LLP’s Private Client Advisory team, assesses the growing uncertainty ahead of ...

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.

Inheritance tax is one of the more controversial elements in many budgets - here the experts look at what's likely to change, ...

The grieving process is always challenging. But for many families, the slow legal process of distributing an inheritance compounds emotional pain with financial uncertainty. When pressing needs for ...

Three quarters of multi-millionnaire parents are worried large inheritances will be bad for their children, so are instead donating large chunks to charity, according to new research. A study of ...

On November 30th the country held a referendum on their proposal to levy a 50% federal inheritance tax on the super-rich and ...