Inheritance tax is a tax some states impose on the people who receive assets from a deceased person's estate. Unlike estate tax, which is paid by the estate before assets are distributed, inheritance ...

With the great wealth transfer underway and average inheritances around $46,000, smart planning helps U.S. families avoid ...

But there is a middle ground. By using a little-known trust-based strategy, you can move a lump sum outside your estate for IHT purposes, while retaining the right to a regular income for life (or ...