MAke your Enduring Power of Attorney before 1st Oct

Biggles

Aha! I see. I was under the impression that you were the one looking for the loophole.

Well, the answers are still the same that, no, there's no way of telling but, yes, it's very dodgy and there would be too many people, many with an interest, who might spill the beans later if it came to suit their purpose.

That said, I'm sure someone will try it......

chiefs

i have a family family who is a solictor, who is willing to help us in the will, etc or should i go to one who will sign and have the offical stamp on the will etc, is there such thing as an offical stamp from a law organisation etc

alsothe property is worth in region of £250,000 , dont know it IHtax applies on that

thanks

Katykat

Chiefs, not sure what you mean by having family who is a solicitor who is willing to help you. If he is a solicitor, any will he draws up will be official. Wills dont actually have an official stamp from a law organisation on them. In fact you could write a will on a piece of paper and as long as you sign it and get your signature witnessed, then it is a valid will. However, a solicitor has the knowledge to word a will in the correct manner so that it leaves less likleyhood of it being challenged after you die. I would always advocate you do it properly, especially if your parents house is worth 1/4 million pounds. Sounds more when you say it like that doesn't it? And dont forget, that would not include savings, pensions or other valuables that would be taken into account. This could well take your parents estate over the IHtax threshold. it would not be a problem on the death of the first parent, but would on the death of the 2nd. And dont automatically assume that you would inherit everthing if they died intestate. This would be up to the Courts to decide how the estate is split. Take my word, encourage them to make a will, but please get the advice of a solicitor, not just a family friend.

chiefs

thanks alot for the help