An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky, Maryland, ...

When someone passes away, and leaves their belongings to others, an inheritance tax may apply. In a nutshell, inheritance tax is typically paid by the heirs or beneficiaries who receive the assets, as ...

Inheritance Funding reports inheritance advances aren't taxable in the US, serving as a financial lifeline for heirs facing probate delays.

That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.

Farmers and business owners are being urged to check their wills after the government released more details of new rules that will see them liable for inheritance tax from next year. Elsa Littlewood, ...