Useful Information

In this article, we explain the different types of inheritance tax thresholds and who is responsible for paying this 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)

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

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

There are a number of items that are exempt from inheritance tax in the UK which revolve mostly around gifting and charitable donations.

When lifelong friend, Freddie, sadly passed away following a brief illness, 70-year-old LeB was the surprise beneficiary of his estate, including a property valued at over £1m.

Probate delays are now commonplace, and it is no longer unusual for large or complex estates to take 12 months or more to complete.

The role of an executor is fundamental to the settlement of a deceased person’s estate.

We would like to thank our friends at Laurelo for compiling the following Q&A.

Often, family members have to wait more than one year to receive their inheritance due to probate delays that have been well documented and investigated.