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F E Smith
F E Smith, Advocate
Category: Property Law
Satisfied Customers: 14298
Experience:  I have been practising for 30 years.
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An elderly relative died in May 2019,leaving an estate

Customer Question

An elderly relative died in May 2019,leaving an estate around £400k.Her husband died in 1975,leaving £5k to 2 relatives and rest,in trust,of around £10k,with income to my relative,and then capital to same 2 relatives who had inherited £5k each. The £10k in trust increased over the years to approx £100k as of May 2019. How would inheritance tax allowances work in this case?
JA: Since estate law varies from place to place, can you tell me where this is?
Customer: UK
JA: What documents or supporting evidence do you have?
Customer: Executor has them
JA: Anything else you want the Lawyer to know before I connect you?
Customer: That's it,I think!
Submitted: 13 days ago.
Category: Property Law
Expert:  F E Smith replied 12 days ago.

Good afternoon. I will assist with your question - be aware this is an email not chat service therefore i maybe delayed in replying.

are you a beneficiary? if not what is your relationship?

 

Customer: replied 12 days ago.
I am one of several beneficiaries - the lady in question was my father's cousin
Customer: replied 12 days ago.
Phone wuld be difficult,would prefer in writing
Expert:  F E Smith replied 12 days ago.

Inheritance tax is calculated at the date of death.

There is no inheritance tax between husband and wife.

 

Is that what you asking?