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UK Finance — Re: Inheritance Tax by tim (462 views)
"Kris" <chris.howland@ukgateway.net> wrote in message
news:421fa96a$0$35331$ed2619ec@ptn-nntp-reader02.plus.net...
> I've been told that Inheritance Tax has to be paid before any estate
> can be distributed.
>
> If this is true what happens if the beneficiary can't afford to pay the
> tax ?
The beneficiary doesn't pay the tax, the estate does. The difference
could be critical to the way the estate is distributed.
I realise that this could still give you the same problem, hopefully
the other response answers it.