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7 year ruling on inheritance tax
Comments
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Ah Yes, after further reading..."re-writing" the will would only apply in respect of IHT issues, not of benefits/dep of assets situations .How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0
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Does a deed of variation not effectively "re-write" any will or intestity rules, as if the new beneficiary were the original beneficiary? If so, how can that be deprivation of assets?
DOV do not "re-write" anything, even though that's the way a lot of people describe it, including professionals that should know better.
DOV are tax efficient gifts.0 -
pollypenny wrote: »Good Lord, inheriting a substantial sum and worrying about losing benefits!
She won't need any blooming benefits with that sort of money!
thats what happens in a welfare bloated society.
the culture of entitlement does not stop even when one receives a huge windfall.0
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