“A voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.”– Roy Jenkins The previous article I wrote on inheritance tax was my most commented on yet. Inheritance tax (IHT) must be really popular! So let’s have some more… Do you remember our fictional friends Sarah and Stephen from … Read more
We’ve been challenged by pension planning on Monevator before. In particular you may recall my previous post on a fictional middle-class duo, Sarah and Stephen, and their pensions-and-IHT-planning saga. Near the end of that piece, I read the vibes coming from the presumed shoe-in of an incoming Labour government and confidently declared: Nor do I … Read more
Any mention of inheritance taxes in a Monevator article invariably produces heat in the blog’s comments. One reason may be that few of us are talking about inheritance in real-life. Of course if you grew up in landed circumstances – strolling across the lower fields as your father waved his cane across your future realm … Read more
It’s estimated baby boomers will pass down more than $80 trillion to their millennial and Gen X heirs over the next 20 years. This is going to be the greatest wealth transfer the world has ever seen. The timing of these transfers will be a hotly debated topic for many families. Baby boomers were born … Read more