Can I put my house in my children’s name to avoid inheritance tax?
Yes, you can put your house in your children’s name or transfer the house to their name to bring down your overall inheritance tax (IHT)
Guides for Beneficiaries and Executors
What makes up a person’s estate when they die?
A person’s estate is made up of all the assets they own or were responsible for at the time of their death, including but not limited to property
How much can I inherit from my parents tax-free in the UK?
At a basic level, you can inherit up to £325,000 from your parents completely tax-free, however, this may increase to £500,000 if they leave their primary residence to you
What items are exempt from inheritance tax?
There are a number of items that are exempt from inheritance tax in the UK which revolve mostly around gifting and charitable donations.
What is an executor, and who can become one?
The role of an executor is fundamental to the settlement of a deceased person’s estate.
Probate Questions and Answers Provided by Laurelo
We would like to thank our friends at Laurelo for compiling the following Q&A.
Probate information and accessing funds
When you’re grieving the loss of a loved one, the last thing you need is to have to worry about money.
