Baby boomer homes will have to be sold off in a “fire sale” as their families are hit by unaffordable inheritance tax bills, wealth experts warn. Baby boomers will pass on £1.2 trillion in inheritance over the next few decades. But a combination of soaring property values and a lack of preparation could leave their loved ones in financial peril at the very height of their grief. Inheritance tax (IHT) can run into hundreds of thousands of pounds and must be paid within six months of death. Unless the deceased left enough behind in savings, their cash-poor descendants could be unable to afford their own inheritance. Experts believe this could lead to a flood of homes hitting the market, as the next generation is forced to sell the family silver and take “punitive” loans to pay huge tax bills they were completely unprepared for. It comes as The Telegraph is campaigning to abolish inheritance tax as the death duty increasingly hits more and more ordinary families. As Britain’s troops came home from the Second World War, expanding the population was probably just a by-product of the first thing on many of their minds. Back home after six years of battle and bloodshed,...