Inheritance Tax Law

Inheritance Tax is a tax on the estate (property, money, and possessions) of someone who has died. When the estate's total value exceeds a certain threshold, the heirs may need to pay a percentage of the excess value as tax. The rules, including exemptions and tax rates, vary by country and can also depend on the relationship between the deceased and the beneficiary. It’s typically paid by the estate before the assets are distributed to heirs. Planning ahead can help reduce the potential tax burden for your beneficiaries.