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2026-09-18 09:32:10 -

Inheritance Tax When the Second Parent Dies in the UK: What Happens to the Estate?

When the second parent dies, inheritance tax can suddenly become a major concern for a family. The first parent's death may have created little or no inheritance tax liability because assets passed to a spouse or civil partner. After the second death, however, there is usually no surviving spouse exemption to shelter the final transfer to children or other beneficiaries. That is why...

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