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, ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Giselle M. Cancio has over 10 years of editorial experience and content development in personal finance, education, travel, and sports. Her work has been published on NerdWallet, the Associated Press, ...

Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. Suzanne is a content marketer, writer, and fact-checker. She holds ...

Inheritance planning is set for an overhaul in the coming years due to changes to how pensions will be treated as part of someone’s estate when they pass away. Including pension portfolios in the ...

Hiring a nanny can provide much-needed support for families, but it also comes with specific financial responsibilities. One of those responsibilities is the “nanny tax,” a federal requirement that ...

Often called Britain’s most hated charge, many taxpayers are keen find ways to avoid inheritance tax. Until recently it was only the very wealthy who had to pay it, but increasing numbers of families ...

The government has confirmed it will press ahead with plans to apply inheritance tax to unused pensions on death, despite significant opposition. But a surprise change to the policy could leave your ...

Prince Harry’s hefty $8.5 million inheritance will not be subject to tax deductions, investment experts have said. The Duke of Sussex received the generous cash gift on his 40th birthday last month — ...