That means two things. First, you could legitimately move half the money into another account for your son, preferably with ...

Labour has a new fiscal blackhole and the clamour for the Chancellor to fill it by hitting Britain's most prosperous ...

Learn about 7 inheritance clauses that now trigger federal review, from offshore accounts to undervalued assets. Protect your ...

As a $90 trillion Great Wealth Transfer looms, more Americans say they are preparing to leave a financial legacy, yet fewer expect to receive one themselves.

A wealth tax would be economically damaging, administratively burdensome and ultimately counterproductive. There is a clear need to push back against calls for one in the UK.

A new report, commissioned by Mayor David Skaith and launched today at the Great Yorkshire Show in Harrogate, has revealed that more than half of all farms in York and North Yorkshire are not making a ...

Thousands of businesses at risk as inheritance tax charge on pensions threatens the future of commercial premises in 2027.

When it comes time for a business owner to transition or sell their business, taxes tend to be one of the most important ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on inherited IRAs.

The GOP extended and increased the higher gift and estate tax exemption and affected AMT thresholds. What might this mean for ...

Home Retirement Inheritance The Seven Worst Assets to Leave Your Kids or Grandkids Leaving these assets to your loved ones may be more trouble than it’s worth. Here's how to avoid adding to ...

Minimises tax liabilities: Without proper estate planning, your possessions could be subject to significant estate taxes, potentially reducing the inheritance left for your beneficiaries. Preserves ...