If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to ...

Pursuant to Internal Revenue Code Section (“Code §”) 2801, if you are a “U.S. Beneficiary” [1] - who is the recipient of a gift or bequest from, or a distribution from a trust established by, a former ...

Gifting is a popular way to avoid inheritance tax (IHT) liabilities – but £61 million in gifts given broke HMRC’s rules last year, with families forced to pay up on presents they thought would be free ...

A family has been ordered to pay £176,000 in inheritance tax by the court after wrongly interpreting gifting rules, which they thought would mean they avoided a bill after their father died. The ...

Some parents worry that leaving too much money to their children could hinder their growth or well-being. But what constitutes “too much” is deeply personal. For some, it’s about fostering a strong ...

“For those close to retirement, it may mean drawing from pensions earlier rather than leaving them untouched as a legacy pot.