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A Multitude of IHT Questions

wyattjnr · 2024-09-06 09:46:44

Hello everyone, I am hoping I can get some advice here as I am completely lost in the whole process of probate. So my mother passed in June 2024, I am the 50/50 beneficiary to my mums estate alongside my sister. My mother had been in a care home in Ireland (all assets in UK) since 2020 and had no property (all cash and…

Comments

Keep_pedalling Posts: 21,809 Forumite

12 September 2024 at 8:49AM

Small bequests come out of the estate before the residual bequest, but it does not reduce IHT. Normally these are paid tax free with the residual taking the full hit.

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