Is it ok to change her will in favour of me, also how would inheritance tax affect me if the house is my name and she dies.
Sorry to seem hard but I need to secure my future as well as hers.
Once the house has been your name for more than seven yearsthen it is out of the equation for the purposes of Inheritance Tax.
If your mother dies within that period, then it is on asliding scale in the last five years and 100% in the first two years.
It only applies to the value your mother put in.
She can change her will in favour of you however one of thethings that she should not do is exclude your brother otherwise he will have aclaim against her under the Inheritance Provision for Family and Dependents Act.
I would strongly suggest that she speaks to your brotherabout this to avoid any confusion in the future.
I would suggest that if she writes will, you do not take tothe solicitor and someone else does so that there can be no allegation that youinfluenced her in any way.
Can I help you any further with this today?