Property and tax issues if you die without a will
Mr X died in 2016. At his death, he and his wife owned a number of properties (both residential and commercial), some of which were in his sole name and others of which were in joint names. Mr and Mrs X had an son and one of the properties was co-owned by Mr X and the son. Mr X also owned a number of other bank accounts and investments as well. The total value of his estate was around £4 million.
Inheritance tax avoidance
This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently advised a client on deeds of variation, inheritance tax and discretionary trusts.
