In fact, as far as inheritance tax is concerned, ordinary people don't have to worry at all, because the inheritance inherited by ordinary people from the previous generation has never reached the minimum threshold for paying inheritance tax. Some people say that the older generation left them a house. Will inheritance tax be levied when property is transferred in the future? Actually, you don't need to worry. Inheritance tax is levied on the rich, and the average middle class is not enough. Only the middle class close to the rich can be caught.
Some of the richest people in the United States take various measures to avoid paying inheritance tax and make arrangements for their future. For example, Bill and Melinda Gates set up the Gates-Linda Foundation to donate 90% of their inheritance to charity, so that if they die, less than 10% of their inheritance will not need to pay inheritance tax. This is because, according to American law, these donations can be deducted from the inheritance tax.
The Rockefeller family, the richest family in America, is smarter. At that time, Rockefeller thought that his descendants might not be able to continue his career, and passing all the shares and assets to him would lead to the reason that it might lose its existence within three generations. Therefore, he subsequently established a trust fund and designed it very methodically. Future generations can pay their daily expenses from the fund, but all assets are left to the trust company for management. So Rockefeller's descendants now have no control over the family property, but only receive the trust fund allocated to them in time. At this time, there is no need to pay inheritance tax. But the rich usually evade inheritance tax by doing charity or setting up trust funds, just like Bill Gates and the Rockefeller family.