Lots of shares, but no cash to pay inheritance tax
Mum was financially savvy and had always had a lot of her money in share portfolios so when she died there wasn’t a lot of cash. Because the share portfolio companies won’t release funds to pay IHT I was stuck with a bill and no means to pay until the inheritance was released.
The solution: Executor Loan
Tower Street Finance acted really quickly for me and paid HMRC direct with an Executor Loan to settle the Inheritance Tax liability which was repaid from the estate once the grant was issued. It was such a relief.
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