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Transfers to Spouse on Death
Comments
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nom_de_plume wrote: »If the relationship with stepmum is sound, could the other beneficiaries use a DOV to leave the whole estate to her to avoid any IHT and she then simply gifts the other legacies in the hope of surviving at least another 7 years? Too simple or am I missing something?
Stepmum might change her mind. People sometimes do when money's involved.
Stepmum might need the money for care fees (deprivation of capital), be made bankrupt, spend it all on scratchcards, etc.A kind word lasts a minute, a skelped erse is sair for a day.0 -
Using the OP's figure there will be no IHT to pay but, if there was, your suggestion will work and the surviving spouse will inherit another £325k nil rate band and the eventual £175k residential nil rate band.
I totally overlooked the fact that there's no IHT due. My bad.
Worth a look at though perhaps for the bigger picture as you suggest.0 -
Was there a previous wife, if there was divorce or deceased?0
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