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Receiving money from a deceased's estate
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In that situation, the IHT of £20,000 would be paid by the estate.[FONT="]Public wealth warning![/FONT][FONT="] It's not compulsory for solicitors or Willwriters to pass an exam in writing Wills - probably the most important thing you’ll ever sign.[/FONT]
[FONT="]Membership of the Institute of Professional Willwriters is acquired by passing an entrance exam and complying with an OFT endorsed code of practice, and I declare myself a member.[/FONT]0 -
So long as there are assets in the estate, they will first be used to pay any tax liabilities (once they've been sold, for cash).Warning ..... I'm a peri-menopausal axe-wielding maniac
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