Too important to ignore.(inheritance tax)(Brief Article)(Statistical Data Included)

From: Money Management | Date: September 1, 2002 | Copyright information

At 40%, inheritance tax can create a headache for the beneficiaries of a substantial estate.

Apart from frittering away the value of the estate above GBP250,000 by spending it, the only recourse for those with an inheritance tax liability is to place part of their assets into trust. These legal documents have been used by solicitors to shield their clients assets from tax for decades. The only potential drawback is that once the assets have been placed into a trust, the ...

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