If Inheritance Tax has already been calculated based on higher values, there may be an option to reclaim tax paid if markets have since fallen.
A death folder is a proven way for expats to organise their affairs so as to avoid exposing loved ones to unnecessary additional stress in the event of sudden death.
How does inheritance tax work? A guide to the basics of IHT for UK expats.
Inheritance Tax is a ‘voluntary’ tax; there are many ways for expats to mitigate it. One of my favourites is to take out a life insurance policy written in trust.
The rules for transferring assets to a spouse on death are pretty simple. However, things are trickier when one spouse is non-domiciled.