December 2020

Q. I wonder what happens when the heir to an estate is a trust rather than an individual. Many parents with a disabled descendant would not leave their money to the person, but instead use a special needs trust for that person's benefit.…

The number of families charged with inheritance tax (IHT) on donations has risen for three consecutive years as more people broke complicated rules. Following a freedom of information request, HM Revenue & Customs revealed this…

I am close to sixty and although I am in excellent health I have decided to bequeath my entire estate - worth around £2 million including my house - to my two nieces whom I really like. I never wanted children, so it seems unfair to…