How to Avoid Inheritance Tax?

Answer When someone dies, the money and property left to beneficiaries is subject to an inheritance tax. Sometimes referred to as the "death tax," this is an often debated issue as neither the benefactor ... Read More »

Top Q&A For: How to Avoid Inheritance Tax

How long must a trust be in place to avoid inheritance tax?

An irrevocable trust must be in place a total of three years before the grantor's death. The grantor would not be able to touch the trust, unless dire circumstances are proven. Therefore, the money... Read More »

UK Inheritance Law?

When you die, your estate--the property you leave after you die--must be legally valued and probated. In most cases this is a reasonably straightforward process. A will has been left and is execute... Read More »

Inheritance Tax Penalties?

Inheritance tax falls under probate law having to do with the passing down of a legacy or estate, through a will and testament. To determine who inherits an estate and who does no, is the right and... Read More »

Do you pay tax on an RRSP inheritance?

According to Investment Planning Counsel, you do not have to pay taxes on a Registered Retirement Savings Plan (RRSP) inheritance if it has been rolled over to a spouse's RRSP. RRSP inheritances gi... Read More »