Counting on the great wealth transfer? Expect an $84 trillion mess instead.

Leaving lump sums to pets – and other rules you might not know about the death tax

Telegraph Money brings some much-needed clarity to the most hated tax of all

Every day an expert from the t-online advisory office answers a reader's question about money. Today: What does a donation mean for the later inheritance?

Counting on the great wealth transfer? Expect an $84 trillion mess instead.

Without proper estate planning, a lot of that money could end up going toward legal fees and taxes instead of to heirs.

The return of inheritocracy

WORK hard, children are told, and you will succeed. In recent decades, this advice served the talented and the diligent well. Many have made their own fortunes and live comfortably, regardless of how much money they inherited. Now, however, the importance of hereditary wealth is rising around the rich world, and that is a problem.

Inheritance tax: Over 55s warned overlooked document could be costing you thousands as HMRC rake in extra £639m

Britons aged 55 and over are warned that neglecting a certain document can often leave them paying thousands of pounds more in inheritance tax.The warning comes as HMRC have released their latest inheritance tax receipts showing £7billion was collected in the first 10 months of the 2024/25 financial year.Experts caution that failing to create a Will could result in serious financial implications for families, especially as inheritance tax receip…

Legal, Finance and Business - Leave a thoughtful legacy - Beverley Life Newspaper

There are few more confusing – or unpopular – taxes than Inheritance Tax (IHT). If you’re unsure of the details, or you’d like more of your inheritance to go to your family and less to the HMRC or on care fees, we can help. Leaving loved ones to incur up to a 40% reduction due to tax on their inheritance is a hard ask. Yet despite many children and grandchildren being ill-equipped to grapple with IHT, more and more families are having to deal wi…