If your loved one was generous with gifts then unless they kept good records you might have to turn detective when filling in inheritance tax forms.

Q. For tax purposes, is it better to gift an inheritance or wait until after death? -- Planning ahead A. Before we tackle this question, let's first review the current gift and estate tax laws.

According to HMRC, inheritance tax receipts hit a record £7.5bn in the 2023/24 tax year. That upward trend is likely to ...

Plus: Does a revocable trust protect your assets from lawsuits? How to give the gift of a homestead exemption.

In other words, you and your spouse can gift up to $28,000 per year to each person you plan on leaving an inheritance to, and it won't count toward the estate-tax exemption.

Granting an Early Inheritance With Gifting Many people are unaware that you don’t have to wait until death to give or receive an inheritance. If you want to start giving to your heirs early ...

Inheritance tax rules are getting tighter and more families are trying to find ways to avoid a hefty bill. Giving money away ...

The Chancellor is eyeing changes to the amount people can gift to family during their lifetimes, which impacts how much ...

“Given the freezing of inheritance tax thresholds will naturally raise more cash for the Exchequer over time through fiscal ...