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Estate Planning

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  • Thank you so much.


    The honest answer is that I don't know - possibly misunderstood the forms.


    Aside from all my father's other issues (of which there were many!!), his estate was pretty simple - no gifts, spouse as sole beneficiary.


    I think I will have to take all the paperwork to a specialist advisor.


    As a matter of interest, what would be the position if after the IHT return is made, the Estate rumbles on for 4 years (due to ongoing legal actions) and eventually has to pay out a settlement to a 3rd party, thus reducing the distribution, would any subsequent "relief" be available against this?
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    if everything went to the spouse you don't need any more relief as you are already at 100%

    No idea how you only got £45k for spouse exemptions.
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