{"id":66,"date":"2025-08-15T07:11:29","date_gmt":"2025-08-15T07:11:29","guid":{"rendered":"https:\/\/gm-consultant.com\/blog\/?p=66"},"modified":"2025-08-15T07:11:29","modified_gmt":"2025-08-15T07:11:29","slug":"slash-inheritance-tax-after-losing-parents","status":"publish","type":"post","link":"https:\/\/gm-consultant.com\/blog\/slash-inheritance-tax-after-losing-parents\/","title":{"rendered":"Slash Inheritance Tax After Losing Parents"},"content":{"rendered":"

Losing<\/strong>\u00a0both\u00a0parents<\/strong>\u00a0is one of\u00a0life<\/strong>‘s most\u00a0challenging experiences<\/strong>. The\u00a0passing<\/strong>\u00a0of your\u00a0second parent<\/strong>\u00a0doesn’t just\u00a0amplify emotional<\/strong>\u00a0pain – it brings real\u00a0logistical difficulties<\/strong>\u00a0too. I remember when my clients John and Sarah had to\u00a0manage<\/strong>\u00a0their late father’s\u00a0affairs<\/strong>\u00a0while dealing with fresh\u00a0grief<\/strong>. Like many\u00a0families in the UK<\/strong>, they faced\u00a0practical financial questions<\/strong>\u00a0at the worst possible time.<\/p>\n

The\u00a0inheritance tax<\/strong>\u00a0rules become especially\u00a0crucial<\/strong>\u00a0when the\u00a0second parent dies<\/strong>. Many\u00a0children<\/strong>\u00a0don’t realize they’ve been\u00a0assigned<\/strong>\u00a0new financial\u00a0concerns<\/strong>\u00a0until it’s time to sort through the estate. Having helped numerous families navigate this, I’ve seen how\u00a0understanding<\/strong>\u00a0how\u00a0inheritance tax works<\/strong>\u00a0in this\u00a0context<\/strong>\u00a0saves so much stress later. The\u00a0key considerations<\/strong>\u00a0often get lost in the\u00a0emotions<\/strong>, but addressing them early helps honor your\u00a0loved one<\/strong>‘s wishes properly.<\/p>\n

What Is Inheritance Tax (IHT)?<\/h2>\n

When your\u00a0second parent dies, everything they leave behind – their\u00a0house,\u00a0savings, and\u00a0possessions\u00a0– gets added up as their\u00a0estate. Here in the\u00a0UK, you won’t pay any\u00a0inheritance tax (IHT)\u00a0on the first\u00a0\u00a3325,000\u00a0(called the\u00a0nil-rate band). Anything above that gets\u00a0taxed at 40%, which can take a big chunk from what your parents worked hard to leave you.<\/p>\n

The good news? There are special\u00a0allowances\u00a0that can help. If your parents left their home to you or your kids, you might get an extra\u00a0\u00a3175,000\u00a0tax-free (the\u00a0residence nil-rate band). For\u00a0couples, this can mean up to\u00a0\u00a31 million\u00a0completely tax-free! I’ve helped many families use these\u00a0rules\u00a0to protect more of their inheritance.<\/p>\n

What many don’t realize is that when the\u00a0first parent dies, their share usually passes\u00a0tax-free\u00a0to the\u00a0surviving spouse. But it’s when the\u00a0second parent dies\u00a0that\u00a0tax responsibilities\u00a0really matter. With some smart planning using\u00a0UK inheritance laws, you can\u00a0minimize\u00a0what the tax office takes and keep more for your\u00a0family. It’s not about tricks – just understanding the\u00a0reliefs\u00a0available to you.<\/p>\n

Inheritance Tax Thresholds Explained<\/h3>\n

Nil-Rate Band (NRB)<\/h4>\n

This is the basic \u00a3325,000<\/strong> inheritance tax allowance. If your estate is below this, no tax is due.<\/p>\n

Residence Nil-Rate Band (RNRB)<\/h4>\n

If you leave your main home<\/strong> to children or grandchildren, you may get an additional \u00a3175,000 allowance<\/strong>, boosting your tax-free threshold to \u00a3500,000<\/strong> per person\u2014or \u00a31 million<\/strong> for a couple!<\/p>\n

How to Legally Reduce Inheritance Tax<\/h3>\n

You can significantly\u00a0slash<\/strong>\u00a0the\u00a0inheritance tax charged<\/strong>\u00a0on your\u00a0estate<\/strong>\u00a0through simple\u00a0legal ways<\/strong>\u00a0that many families overlook. From my experience helping clients,\u00a0giving gifts<\/strong>\u00a0while you’re\u00a0alive<\/strong>\u00a0(within allowance limits) and\u00a0leaving money to charity<\/strong>\u00a0are among the most effective methods. I’ve seen how strategic gifting over time can preserve more wealth for loved ones while staying fully compliant.<\/p>\n

The key is understanding that every pound you\u00a0give<\/strong>\u00a0as a\u00a0gift<\/strong>\u00a0at least seven years before passing won’t count toward your taxable\u00a0estate<\/strong>. Similarly, bequests to\u00a0charity<\/strong>\u00a0not only support good causes but can reduce your overall tax rate from 40% to 36%. These approaches work especially well when coordinated with other estate planning tools.<\/p>\n

Can you legally avoid inheritance tax?<\/h3>\n

There are several\u00a0ways<\/strong>\u00a0to\u00a0cut<\/strong>\u00a0your\u00a0estate’s tax bill<\/strong>\u00a0and\u00a0increase<\/strong>\u00a0what gets\u00a0passed<\/strong>\u00a0to your\u00a0heirs tax-free<\/strong>. From my years helping families, I always\u00a0suggest<\/strong>\u00a0they\u00a0seek advice<\/strong>\u00a0before\u00a0making gifts<\/strong>\u00a0or\u00a0taking actions<\/strong>\u00a0in their\u00a0estate planning<\/strong>\u00a0– small mistakes can prove costly. Whether your\u00a0estate<\/strong>\u00a0is\u00a0sufficiently large<\/strong>\u00a0or modest, proper\u00a0planning<\/strong>\u00a0helps\u00a0minimise inheritance tax (IHT)<\/strong>\u00a0that would otherwise be\u00a0charged<\/strong>\u00a0when you\u00a0pass away<\/strong>.<\/p>\n

The key is understanding that\u00a0IHT<\/strong>\u00a0isn’t inevitable – even if your assets seem\u00a0large<\/strong>, strategic moves can protect more for your loved ones. Simple steps like gifting within allowances or setting up trusts can make a big difference in what ultimately reaches the next generation.<\/p>\n

You might also like: HMRC\u2019s Shocking Warning: \u00a33,501 Savings Could Trigger Tax<\/a><\/p>\n

Ways to Reduce Inheritance Tax After Second Death<\/h3>\n

Make a will<\/h4>\n

Creating a\u00a0valid will<\/strong>\u00a0ensures your\u00a0estate<\/strong>\u00a0gets\u00a0distributed<\/strong>\u00a0exactly as you\u00a0wish<\/strong>\u00a0while using all available\u00a0allowances efficiently<\/strong>. Without one,\u00a0intestacy rules<\/strong>\u00a0take over, often creating less\u00a0tax-efficient outcomes<\/strong>. From my experience helping families, I’ve seen how wills can\u00a0allocate assets<\/strong>\u00a0between\u00a0beneficiaries<\/strong>\u00a0in smarter ways – whether by setting up\u00a0trusts<\/strong>, making\u00a0gifts to charity<\/strong>, or simply structuring bequests to minimize\u00a0inheritance tax (IHT)<\/strong><\/a>.<\/p>\n

One of the simplest ways to\u00a0avoid paying IHT<\/strong>\u00a0is to\u00a0give gifts<\/strong>\u00a0during your\u00a0lifetime<\/strong>. The magic number is\u00a0seven years<\/strong>\u00a0– survive this period after\u00a0giving<\/strong>, and the\u00a0tax due<\/strong>\u00a0drops to zero. Each\u00a0tax year<\/strong>, you can give\u00a0\u00a33,000<\/strong>\u00a0(annual exemption<\/strong>) plus unlimited\u00a0\u00a3250<\/strong>\u00a0gifts. Special\u00a0wedding<\/strong>\u00a0allowances exist too (\u00a31,000<\/strong>\u00a0normally,\u00a0\u00a35,000<\/strong>\u00a0for children). But remember, gifts above these\u00a0thresholds<\/strong>\u00a0remain\u00a0taxable<\/strong>\u00a0if you don’t\u00a0survive<\/strong>\u00a0the seven-year window, though\u00a0taper relief<\/strong>\u00a0may reduce the bill.<\/p>\n

Use the Spouse Exemption and Transfer of Allowances<\/h4>\n

When\u00a0assets<\/strong>\u00a0are\u00a0passed between spouses<\/strong>, they’re completely\u00a0IHT-free<\/strong>, creating powerful planning opportunities. After the\u00a0second death<\/strong>, the\u00a0estate<\/strong>\u00a0can combine both\u00a0partners’ allowances<\/strong>, potentially\u00a0sheltering<\/strong>\u00a0up to\u00a0\u00a31 million<\/strong>\u00a0from\u00a0IHT<\/strong>. This combines each\u00a0parent’s \u00a3325,000 nil-rate band<\/strong>\u00a0and\u00a0\u00a3175,000 residence nil-rate band<\/strong>\u00a0(when leaving the\u00a0home<\/strong>\u00a0to\u00a0direct descendants<\/strong>). From helping clients, I’ve seen how crucial it is to properly inform\u00a0HMRC<\/strong>\u00a0about the\u00a0first death<\/strong>\u00a0to\u00a0claim unused allowances<\/strong>\u00a0when the\u00a0second parent passes<\/strong>.<\/p>\n

Your\u00a0spouse<\/strong>\u00a0or\u00a0civil partner<\/strong>\u00a0never\u00a0pays tax<\/strong>\u00a0on inherited\u00a0assets<\/strong>, regardless of the\u00a0amount<\/strong>. Smart use of\u00a0wills<\/strong>\u00a0can\u00a0save<\/strong>\u00a0your\u00a0family<\/strong>\u00a0significantly – especially since the surviving partner\u00a0inherits<\/strong>\u00a0any\u00a0unused IHT allowance<\/strong>\u00a0(up to\u00a0\u00a3500,000<\/strong>\u00a0including the\u00a0main residence allowance<\/strong>). For\u00a0married couples<\/strong>\u00a0with a\u00a0family home<\/strong>\u00a0for their\u00a0children<\/strong>, this creates a\u00a0\u00a31m IHT exemption<\/strong>. Even if partners\u00a0remarry<\/strong>, they can combine\u00a0personal allowances<\/strong>\u00a0(capped at one additional\u00a0\u00a3325,000<\/strong>), demonstrating why proper planning across multiple marriages matters.<\/p>\n

Leave money to a charity<\/h4>\n

Leaving\u00a0money<\/strong>\u00a0to registered UK\u00a0charities<\/strong>,\u00a0political parties<\/strong>, or\u00a0local sports clubs<\/strong>\u00a0in your\u00a0will<\/strong>\u00a0provides complete\u00a0inheritance tax<\/strong>\u00a0exemption. Even better, donating more than\u00a010%<\/strong>\u00a0of your\u00a0taxable estate<\/strong>\u00a0(the portion above your\u00a0\u00a3325,000 IHT allowance<\/strong>) reduces your overall tax rate from\u00a040%<\/strong>\u00a0to\u00a036%<\/strong>. For example, on a\u00a0\u00a3425,000 estate<\/strong>, giving just\u00a0\u00a310,000<\/strong>\u00a0to charity would qualify you for this valuable reduction.<\/p>\n

Using Trusts for Tax Efficiency<\/h4>\n

Placing\u00a0assets<\/strong>\u00a0into\u00a0trusts<\/strong>\u00a0(like\u00a0discretionary trusts<\/strong>,\u00a0interest in possession trusts<\/strong>, or\u00a0bare trusts<\/strong>) during your\u00a0lifetime<\/strong>\u00a0or through your\u00a0will<\/strong>\u00a0can effectively\u00a0remove<\/strong>\u00a0them from your taxable\u00a0estate<\/strong>. While trusts don’t completely\u00a0eliminate IHT<\/strong>, when\u00a0set up carefully<\/strong>\u00a0following\u00a0current tax rules<\/strong>, they offer both\u00a0control<\/strong>\u00a0over asset distribution and\u00a0potential long-term savings<\/strong>\u00a0by\u00a0reducing<\/strong>\u00a0your overall estate\u00a0value<\/strong>\u00a0for\u00a0IHT purposes<\/strong>.<\/p>\n

Consider Equity Release<\/h4>\n

For\u00a0older homeowners<\/strong>,\u00a0releasing equity<\/strong>\u00a0from their\u00a0property<\/strong>\u00a0can\u00a0reduce<\/strong>\u00a0their\u00a0estate’s value<\/strong>\u00a0and potentially\u00a0lower<\/strong>\u00a0their\u00a0IHT bill<\/strong>, but this\u00a0complex strategy<\/strong>\u00a0requires careful consideration. While it provides access to cash that could be\u00a0passed on<\/strong>\u00a0to\u00a0heirs<\/strong>\u00a0or used for\u00a0gifts<\/strong>\u00a0(tax-free if you\u00a0survive seven years<\/strong>), it may also\u00a0affect means-tested benefits<\/strong>\u00a0and significantly\u00a0reduce<\/strong>\u00a0what’s ultimately\u00a0passed on<\/strong>. The two main options – a\u00a0lifetime mortgage<\/a><\/strong>\u00a0(borrowing against your\u00a0home’s value<\/strong>\u00a0with\u00a0rolled-up interest<\/strong>) or a\u00a0home reversion scheme<\/strong>\u00a0(selling part of your\u00a0home<\/strong>\u00a0at a discount) – both come with trade-offs.<\/p>\n

The financial implications can be substantial: a\u00a0\u00a350,000 mortgage<\/strong>\u00a0at\u00a07% interest<\/strong>\u00a0nearly\u00a0doubles<\/strong>\u00a0to\u00a0\u00a398,358<\/strong>\u00a0in\u00a010 years<\/strong>, potentially leaving your\u00a0heirs<\/strong>\u00a0with less than you’d saved in\u00a0IHT bills<\/strong>. Before\u00a0going ahead<\/strong>\u00a0with\u00a0equity release<\/strong>, it’s crucial to\u00a0consult<\/strong>\u00a0a specialist\u00a0independent financial adviser<\/strong>\u00a0to determine if reducing HMRC’s slice justifies giving up part of your home’s\u00a0full value<\/strong>\u00a0or taking on growing\u00a0debt<\/strong>.<\/p>\n

Take out a life insurance policy<\/h4>\n

When you can’t\u00a0reduce<\/strong>\u00a0an\u00a0IHT bill<\/strong>,\u00a0life insurance<\/strong>\u00a0offers one of the\u00a0simplest ways<\/strong>\u00a0of\u00a0covering<\/strong>\u00a0this\u00a0unwelcome bill<\/strong>\u00a0– though costs rise significantly if you’re not\u00a0young<\/strong>\u00a0and\u00a0healthy<\/strong>. The key is ensuring the\u00a0life policy<\/strong>\u00a0is\u00a0written in trust<\/strong>, preventing the\u00a0payout<\/strong>\u00a0from forming part of your taxable\u00a0estate<\/strong>.\u00a0HMRC<\/strong>\u00a0considers\u00a0premiums<\/strong>\u00a0you\u00a0pay<\/strong>\u00a0as\u00a0lifetime gifts<\/strong>, but these typically qualify for\u00a0tax-free exemptions<\/strong>\u00a0like the\u00a0annual \u00a33,000 exemption<\/strong>\u00a0or\u00a0‘gifts from normal income’<\/strong>\u00a0allowance.<\/p>\n

Many\u00a0families<\/strong>\u00a0opt for a\u00a0whole of life insurance policy<\/strong>\u00a0specifically to cover the\u00a0anticipated tax bill<\/strong>\u00a0when the\u00a0second parent dies<\/strong>. This ensures the\u00a0payout<\/strong>\u00a0can directly\u00a0pay HMRC<\/strong>\u00a0without forcing heirs to\u00a0break up<\/strong>\u00a0or\u00a0sell<\/strong>\u00a0estate assets. However, the policy must absolutely be\u00a0written in trust<\/strong>\u00a0– otherwise, the insurance\u00a0payout<\/strong>\u00a0itself becomes part of the\u00a0estate<\/strong>\u00a0and could ironically end up being\u00a0taxed<\/strong>, defeating its original purpose.<\/p>\n

Understanding Trusts for Asset Protection<\/h3>\n

Trusts offer<\/strong>\u00a0a powerful\u00a0way to manage<\/strong>\u00a0your\u00a0estate<\/strong>\u00a0after you\u00a0pass away<\/strong>, maintaining\u00a0control<\/strong>\u00a0over how your\u00a0assets<\/strong>\u00a0are\u00a0used<\/strong>. While they can help in\u00a0reducing<\/strong>\u00a0potential\u00a0inheritance tax (IHT)<\/strong>, the\u00a0rules<\/strong>\u00a0are notoriously\u00a0complicated<\/strong>\u00a0and might\u00a0end up costing more<\/strong>\u00a0than anticipated. Many believe\u00a0assets in trust<\/strong>\u00a0are completely\u00a0exempt from inheritance tax<\/strong>, but you’ll typically\u00a0pay 20%<\/strong>\u00a0when\u00a0setting up<\/strong>\u00a0if the value exceeds the\u00a0nil-rate band<\/strong>\u00a0(with some\u00a0exceptions<\/strong>\u00a0if you still\u00a0benefit from the assets<\/strong>).<\/p>\n

Before\u00a0putting money into a trust<\/strong>, it’s crucial to\u00a0think carefully<\/strong>\u00a0and\u00a0seek appropriate advice<\/strong>. While\u00a0trusts<\/strong>\u00a0provide valuable asset management solutions, they can be\u00a0expensive<\/strong>\u00a0to maintain –\u00a0tax<\/strong>\u00a0considerations alone shouldn’t be the\u00a0main reason<\/strong>\u00a0for\u00a0setting one up<\/strong>. The key is balancing control benefits with potential costs and tax implications.<\/p>\n

Using a Deed of Variation to Modify Inheritances<\/h3>\n

A\u00a0deed of variation<\/strong>\u00a0allows your\u00a0heirs<\/strong>\u00a0to legally\u00a0alter<\/strong>\u00a0your\u00a0will<\/strong>\u00a0within\u00a0two years<\/strong>\u00a0of your\u00a0death<\/strong>, potentially\u00a0re-directing part<\/strong>\u00a0of the\u00a0inheritance<\/strong>\u00a0to\u00a0someone else<\/strong>. However, this requires all\u00a0affected beneficiaries<\/strong>\u00a0to\u00a0agree<\/strong>\u00a0to the\u00a0variation<\/strong>, which can prove\u00a0difficult<\/strong>\u00a0in\u00a0practice<\/strong>, especially with\u00a0many beneficiaries<\/strong>\u00a0involved.<\/p>\n

To avoid complications, it’s generally\u00a0better<\/strong>\u00a0to\u00a0review<\/strong>\u00a0and update your\u00a0will periodically<\/strong>, ensuring your\u00a0affairs<\/strong>\u00a0remain\u00a0tax-efficient<\/strong>\u00a0without requiring posthumous changes. This approach helps\u00a0simplify<\/strong>\u00a0the\u00a0probate process<\/strong>\u00a0for your\u00a0executor<\/strong>\u00a0while\u00a0reducing<\/strong>\u00a0the\u00a0chances<\/strong>\u00a0of family disputes\u2014something that, unfortunately,\u00a0happens<\/strong>\u00a0more often than many realize.<\/p>\n

Conclusion<\/h3>\n

When the\u00a0second parent dies<\/strong>,\u00a0Inheritance Tax<\/strong>\u00a0can take a\u00a0large part<\/strong>\u00a0of what should be\u00a0passed on<\/strong>\u00a0to your\u00a0children<\/strong>\u00a0or\u00a0grandchildren<\/strong>. But here\u2019s the good news: with\u00a0early planning<\/strong>, you can often\u00a0reduce<\/strong>\u00a0or even\u00a0avoid IHT altogether<\/strong>\u00a0through smart use of\u00a0allowances<\/strong>,\u00a0exemptions<\/strong>,\u00a0gifts<\/strong>,\u00a0trusts<\/strong>, and\u00a0insurance<\/strong>. The key is having a\u00a0clear plan<\/strong>, making a\u00a0valid will<\/strong>, and not hesitating to\u00a0seek professional advice<\/strong>\u00a0where\u00a0needed<\/strong>\u2014this alone could mean\u00a0keeping hundreds of thousands<\/strong>\u00a0of\u00a0pounds<\/strong>\u00a0in the\u00a0family<\/strong>\u00a0instead of\u00a0handing it over<\/strong>\u00a0to the\u00a0taxman<\/strong>.<\/p>\n

The truth is, when it comes to\u00a0Inheritance Tax, being\u00a0proactive\u00a0makes all the difference.\u00a0Gifting early,\u00a0using trusts, and\u00a0claiming all allowances\u00a0are just some of the\u00a0right strategies\u00a0that ensure your\u00a0family\u2019s hard-earned wealth goes where it should. And remember\u2014there\u2019s no perfect time to start. The\u00a0right time\u00a0is\u00a0now.<\/p>\n

FAQs<\/h3>\n

1. What is inheritance tax (IHT), and how does it apply when the second parent dies?<\/h4>\n

Inheritance tax (IHT) is a tax levied on the estate of a deceased person. When the second parent dies, their estate, which includes assets like property, savings, and possessions, is subject to IHT. In the UK, estates exceeding the nil-rate band (\u00a3325,000) are taxed at 40%. Special allowances may reduce the tax burden, especially when the estate includes the family home.<\/p>\n

2. How can I legally minimize inheritance tax on my parents’ estate after the second parent passes?<\/h4>\n

You can minimize inheritance tax (IHT) through several strategies like gifting assets while alive, leaving money to charity, setting up trusts, and using the spouse exemption. Understanding available tax reliefs, such as the residence nil-rate band, allows you to reduce the estate’s taxable value.<\/p>\n

3. What is the residence nil-rate band (RNRB), and how does it affect inheritance tax?<\/h4>\n

The residence nil-rate band (RNRB) is an additional allowance available to individuals who leave their main home to children or grandchildren. This allowance can increase the tax-free threshold to \u00a3500,000 per person (\u00a31 million for couples). It helps reduce the inheritance tax liability, especially when the estate includes a family home.<\/p>\n

4. How does gifting during my lifetime help reduce inheritance tax after my death?<\/h4>\n

Gifting assets during your lifetime is an effective way to reduce your estate\u2019s inheritance tax (IHT) bill. Gifts made more than seven years before death are typically exempt from IHT, and annual exemptions like the \u00a33,000 limit per tax year help reduce the estate\u2019s taxable value. Bequests to charity can also lower the tax rate.<\/p>\n

5. What are the advantages of using trusts to reduce inheritance tax?<\/h4>\n

Trusts are a powerful estate planning tool that can help minimize inheritance tax (IHT) by transferring assets out of your taxable estate. Setting up a trust, such as a discretionary or interest-in-possession trust, allows you to manage asset distribution and reduce the overall estate value, which can reduce the IHT bill.<\/p>\n","protected":false},"excerpt":{"rendered":"

Losing\u00a0both\u00a0parents\u00a0is one of\u00a0life‘s most\u00a0challenging experiences. The\u00a0passing\u00a0of your\u00a0second parent\u00a0doesn’t just\u00a0amplify emotional\u00a0pain – it brings real\u00a0logistical difficulties\u00a0too. I remember when my clients John and Sarah had to\u00a0manage\u00a0their late father’s\u00a0affairs\u00a0while dealing with fresh\u00a0grief. Like many\u00a0families in the UK, they faced\u00a0practical financial questions\u00a0at the worst possible time. The\u00a0inheritance tax\u00a0rules become especially\u00a0crucial\u00a0when the\u00a0second parent dies. Many\u00a0children\u00a0don’t realize they’ve been\u00a0assigned\u00a0new financial\u00a0concerns\u00a0until … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":67,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-66","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-taxation"],"yoast_head":"\nSlash Inheritance Tax After Losing Parents<\/title>\n<meta name=\"description\" content=\"Find out how to avoid inheritance tax when the second parent dies. Discover powerful strategies to minimize the 40% tax and keep more of your inheritance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gm-consultant.com\/blog\/slash-inheritance-tax-after-losing-parents\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Slash Inheritance Tax After Losing Parents\" \/>\n<meta property=\"og:description\" content=\"Find out how to avoid inheritance tax when the second parent dies. 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