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Families rush to set up trusts to cut inheritance tax: How they work and why the wealthy use them
The Trust Registration Service received a flurry of filings last January, the most recent period for which data is available.
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.
You might think it’s only the elite who should bother with trust funds for their heirs, but as more families are drawn into ...
Families trying to avoid inheritance tax by using trusts face upfront charges if they fail to set them up before the rules ...
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 ...
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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