Britons are warned they must pay inheritance tax (IHT) by the end of the sixth month after a person has died. Without effective planning, families could be left to sell off assets just to pay the bill without being charged interest. IHT needs to be paid before probate is granted, and probate is required before most companies will release any assets. Probate is the legal process of administering someone’s estate after they’ve passed away. It involves identifying assets, settling debts, and distributing what’s left according to the will or law. While probate isn’t inherently expensive, complex e…
