Being an executor: Call to change tax rules
If you are acting as an executor for your friends and family then you may face having Inheritance Tax bills yourself which you’ll have to pay with your own money if settling the estate takes more than a few months.
Trust and Inheritance Tax: Five good reasons to use a trust
Trusts take an important role when estate planning. Trusts ensure assets can be easily managed by trustees and that the assets can be ring-fenced.