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Power of Attorney / IHT planning

LukeSkywalker8 · 2019-12-27 15:12:56

I would like to understand if there are any options to reduce IHT. My Father in law is in a care home suffering from Alzheimer's. The income he gets from Pension & Share dividends each month significantly exceed the cost of the care home and his few expenses. My sister in law is Power of Attorney and does not believe…

Comments

Keep_pedalling Posts: 22,759 Forumite

30 December 2019 at 8:02PM edited 31 December 2019 at 9:44AM

The lesson to be learned here is for his children not to make the same mistakes. Despite the high level of tax his children are going still going to inherit considerable amounts of money, and when they do they should look at their own inheritance tax planning.

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