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Families rush to set up trusts to cut inheritance tax: How they work and who should consider one
The Trust Registration Service received a flurry of filings last January, the most recent period for which data is available.
Pension savers are being encouraged to switch beneficiaries on their pension paperwork now to protect their retirement pot from inheritance tax for the next 16 months. When someone starts saving into ...
Additionally, reducing inheritance taxes is possible, provided the owner of the assets is still alive to make the arrangements. As a taxpayer, you may also take advantage of certain state discounts.
More families are setting up trusts to avoid paying inheritance tax, figures from HMRC suggest.
Looming inheritance tax changes will limit how much pension wealth can be passed on but more people may now be maxing out their loved ones’ JISA allowance instead.
Inherited assets from your loved one, whether in the form of cash, stocks or real estate, can be subject to inheritance taxes, depending on your relationship and inheritance value. While most states ...
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