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Amendment to wills
Comments
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Keep_pedalling wrote: »OK so new wills with your daughters appointed as executors (unless you have reasons not to trust them). You could also as we have done, make each other executors as well.
Unless your joint estate is likely to exceed £1M then you don’t really need to worry about IHT, but if it is I would look at lifetime gifting rather than trusts.
Yeah,that is the plan to replace my brother with daughters and each other as executors.
We have done quite a bit of gifting so saved a potential £200k in IHT if survive another 3 years and eliminated most of the problem. Thanks.0 -
Yeah,that is the plan to replace my brother with daughters and each other as executors.
We have done quite a bit of gifting so saved a potential £200k in IHT if survive another 3 years and eliminated most of the problem. Thanks.
You can get term insurance policies that will cover any IHT that might result from an early death. If you are healthy they do not cost a lot.0
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