That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.

Experts warn the combination of frozen thresholds and pension inclusion means that IHT is no longer just a concern for the ...

In the Budget this week, the Chancellor stuck to her plan to hit family businesses and farms worth more than £1million with death duties of 20 per cent from April next year.