Paying for IHT
Inheritance Tax is an unwelcome burden to families on the death of a loved one. It hits straight away as it has to be paid even before Probate can be obtained and control established over the assets of the deceased.
Indeed, this can itself cause difficulties as Executors do not have access to assets without Probate. This apparent 'Catch 22' situation is fortunately resolved by the willingness of banks to release or lend money to pay the tax.
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